Urban One, Inc. (NASDAQ:UONEK) Short Interest Update

Urban One, Inc. (NASDAQ:UONEK - Get Free Report) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totalling 313,400 shares, an increase of 59.0% from the March 15th total of 197,100 shares. Based on an average daily volume of 57,000 shares, the short-interest ratio is presently 5.5 days. Currently, 2.1% of the company's stock are short sold.

Urban One Stock Performance

NASDAQ UONEK traded down $0.02 during trading hours on Friday, hitting $1.84. 48,538 shares of the stock were exchanged, compared to its average volume of 55,426. The company has a market cap of $90.01 million, a price-to-earnings ratio of 8.79 and a beta of 0.56. Urban One has a 12-month low of $1.66 and a 12-month high of $6.34. The stock has a 50-day moving average of $2.54 and a 200 day moving average of $3.73. The company has a quick ratio of 3.73, a current ratio of 3.73 and a debt-to-equity ratio of 2.57.

Analysts Set New Price Targets

Separately, TheStreet downgraded shares of Urban One from a "c" rating to a "d+" rating in a research note on Wednesday, January 3rd.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its holdings in Urban One by 28.0% in the first quarter. Bank of America Corp DE now owns 8,005 shares of the company's stock valued at $44,000 after buying an additional 1,753 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Urban One by 5.8% during the 1st quarter. Bank of New York Mellon Corp now owns 35,074 shares of the company's stock worth $193,000 after purchasing an additional 1,911 shares in the last quarter. Deutsche Bank AG increased its stake in shares of Urban One by 39.0% during the 1st quarter. Deutsche Bank AG now owns 6,866 shares of the company's stock worth $38,000 after purchasing an additional 1,928 shares in the last quarter. BNP Paribas Arbitrage SNC increased its stake in shares of Urban One by 51.9% during the 1st quarter. BNP Paribas Arbitrage SNC now owns 6,984 shares of the company's stock worth $38,000 after purchasing an additional 2,386 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Urban One by 0.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 895,715 shares of the company's stock worth $4,613,000 after purchasing an additional 2,695 shares in the last quarter. 19.70% of the stock is owned by hedge funds and other institutional investors.

About Urban One

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.