Short Interest in MediaCo Holding Inc. (NASDAQ:MDIA) Increases By 41.7%

MediaCo Holding Inc. (NASDAQ:MDIAGet Free Report) saw a large increase in short interest in February. As of February 13th, there was short interest totaling 95,064 shares, an increase of 41.7% from the January 29th total of 67,098 shares. Based on an average trading volume of 44,308 shares, the days-to-cover ratio is currently 2.1 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 44,308 shares, the days-to-cover ratio is currently 2.1 days.

MediaCo Price Performance

Shares of MediaCo stock traded down $0.02 during trading on Monday, hitting $0.60. The company’s stock had a trading volume of 41,069 shares, compared to its average volume of 91,223. The stock has a market cap of $48.77 million, a price-to-earnings ratio of -1.10 and a beta of -0.19. MediaCo has a 52 week low of $0.54 and a 52 week high of $1.60. The stock has a 50-day moving average price of $0.62 and a two-hundred day moving average price of $0.95.

Hedge Funds Weigh In On MediaCo

A hedge fund recently bought a new stake in MediaCo stock. JPMorgan Chase & Co. acquired a new position in MediaCo Holding Inc. (NASDAQ:MDIAFree Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,937,881 shares of the company’s stock, valued at approximately $2,461,000. JPMorgan Chase & Co. owned 2.37% of MediaCo at the end of the most recent reporting period. 64.01% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of MediaCo in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Read Our Latest Stock Report on MDIA

About MediaCo

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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 also offers digital advertising, and events, which includes sponsorships, ticket sales, licensing, and syndication services. MediaCo Holding Inc was incorporated in 2019 and is headquartered in New York, New York.

Further Reading

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