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%.

In other Urban One news, CEO David M. Kantor sold 25,943 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $2.20, for a total transaction of $57,074.60. Following the transaction, the chief executive officer now directly owns 455,782 shares of the company’s stock, valued at $1,002,720.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Peter Thompson sold 20,553 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $2.00, for a total transaction of $41,106.00. Following the transaction, the chief financial officer now directly owns 608,878 shares in the company, valued at $1,217,756. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 100,076 shares of company stock worth $203,288. Insiders own 78.69% of the company’s stock.

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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