Short Interest in Urban One Inc (NASDAQ:UONE) Drops By 26.3%
Urban One Inc (NASDAQ:UONE) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totalling 1,400 shares, a drop of 26.3% from the December 15th total of 1,900 shares. Based on an average daily volume of 1,800 shares, the short-interest ratio is presently 0.8 days. Currently, 0.2% of the shares of the stock are sold short.
UONE opened at $2.09 on Tuesday. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 4.74. The company has a market cap of $92.96 million, a price-to-earnings ratio of 0.69 and a beta of 0.34. Urban One has a 52-week low of $1.72 and a 52-week high of $3.28. The firm’s fifty day simple moving average is $2.03 and its two-hundred day simple moving average is $2.06.
Urban One (NASDAQ:UONE) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.12 earnings per share for the quarter. The firm had revenue of $111.06 million for the quarter. Urban One had a net margin of 27.49% and a return on equity of 75.27%.
Separately, ValuEngine raised shares of Urban One from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd.
Urban One Company Profile
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, Reach Media, Digital, and Cable Television. The Radio Broadcasting segment includes radio broadcasting operations that primarily target African-American and urban listeners.
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