Urban One, Inc. (NASDAQ:UONE - Get Free Report) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 172,600 shares, a growth of 191.1% from the March 15th total of 59,300 shares. Based on an average trading volume of 57,000 shares, the short-interest ratio is currently 3.0 days.
Institutional Investors Weigh In On Urban One
A number of large investors have recently modified their holdings of the business. State Street Corp grew its stake in shares of Urban One by 1.4% during the first quarter. State Street Corp now owns 113,467 shares of the company's stock worth $857,000 after acquiring an additional 1,524 shares during the last quarter. Deutsche Bank AG boosted its position in Urban One by 48.6% in the first quarter. Deutsche Bank AG now owns 5,077 shares of the company's stock valued at $38,000 after buying an additional 1,660 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Urban One by 12.3% in the third quarter. Bank of New York Mellon Corp now owns 19,868 shares of the company's stock valued at $105,000 after buying an additional 2,180 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in Urban One by 48.6% in the second quarter. Tower Research Capital LLC TRC now owns 6,871 shares of the company's stock valued at $41,000 after buying an additional 2,246 shares during the last quarter. Finally, Northern Trust Corp boosted its position in Urban One by 13.2% in the first quarter. Northern Trust Corp now owns 19,953 shares of the company's stock valued at $125,000 after buying an additional 2,319 shares during the last quarter. Hedge funds and other institutional investors own 8.23% of the company's stock.
Urban One Stock Performance
Shares of UONE stock remained flat at $2.42 during trading hours on Thursday. The stock had a trading volume of 34,639 shares, compared to its average volume of 55,679. Urban One has a 1-year low of $1.93 and a 1-year high of $7.99. The stock has a market cap of $118.39 million, a PE ratio of 11.52 and a beta of 0.91. The company has a debt-to-equity ratio of 2.57, a quick ratio of 3.73 and a current ratio of 3.73. The firm has a 50-day moving average price of $2.90 and a two-hundred day moving average price of $3.95.
About Urban One
(
Get Free Report)
Urban One, Inc, together with its subsidiaries, operates as an urban-oriented multi-media company in the United States. The company operates through four segments: Radio Broadcasting, Cable Television, Reach Media, and Digital. The Radio Broadcasting segment includes radio broadcasting operations that primarily target African-American and urban listeners.
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