MediaCo Holding Inc. (NASDAQ:MDIA - Get Free Report) was the target of a significant decline in short interest in March. As of March 31st, there was short interest totalling 2,100 shares, a decline of 51.2% from the March 15th total of 4,300 shares. Based on an average daily volume of 3,540,000 shares, the days-to-cover ratio is presently 0.0 days.
MediaCo Trading Down 12.2 %
MediaCo stock traded down $0.51 during trading hours on Thursday, reaching $3.66. 1,819,923 shares of the stock were exchanged, compared to its average volume of 3,667,863. MediaCo has a twelve month low of $0.40 and a twelve month high of $6.86. The company has a market cap of $96.47 million, a P/E ratio of -2.18 and a beta of 0.55. The stock has a 50 day moving average of $0.82 and a two-hundred day moving average of $0.68.
Institutional Trading of MediaCo
Several large investors have recently made changes to their positions in MDIA. UBS Group AG lifted its stake in MediaCo by 1,707.5% during the first quarter. UBS Group AG now owns 16,846 shares of the company's stock worth $70,000 after purchasing an additional 15,914 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of MediaCo by 79.9% during the 3rd quarter. Vanguard Group Inc. now owns 181,966 shares of the company's stock worth $331,000 after buying an additional 80,841 shares in the last quarter. Finally, Standard General L.P. lifted its position in shares of MediaCo by 24.7% during the 4th quarter. Standard General L.P. now owns 16,798,127 shares of the company's stock worth $19,293,000 after buying an additional 3,328,728 shares during the last quarter. Institutional investors and hedge funds own 64.01% of the company's stock.
MediaCo Company Profile
(
Get Free Report)
MediaCo Holding Inc owns and operates radio stations in the United States. The company engages in the operation of WQHT-FM and WBLS-FM radio stations in the New York City area. It owns and operates advertising displays, such as bulletins, posters, and digital billboards primarily in Georgia, Alabama, South Carolina, Florida, Kentucky, West Virginia, and Ohio.
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