Radio One, Inc. (NASDAQ:UONEK) Short Interest Down 50.0% in June

Radio One, Inc. (NASDAQ:UONEK) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totaling 5,849 shares, a decrease of 50.0% from the May 31st total of 11,691 shares. Based on an average trading volume of 9,680 shares, the short-interest ratio is currently 0.6 days. Currently, 0.3% of the company’s shares are short sold.

Radio One Stock Up 1.5%

Shares of Radio One stock traded up $0.07 during trading hours on Thursday, reaching $4.68. 2,411 shares of the company were exchanged, compared to its average volume of 7,622. The firm has a market cap of $21.15 million, a PE ratio of -0.15 and a beta of 0.37. The company has a debt-to-equity ratio of 17.92, a quick ratio of 1.84 and a current ratio of 1.84. Radio One has a 1 year low of $4.18 and a 1 year high of $14.00. The stock’s fifty day moving average is $4.94 and its 200 day moving average is $6.57.

Radio One (NASDAQ:UONEK) last released its earnings results on Thursday, May 14th. The company reported ($0.69) earnings per share (EPS) for the quarter. Radio One had a negative net margin of 38.41% and a positive return on equity of 32.35%. The company had revenue of $77.65 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Radio One in a research report on Monday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Institutional Trading of Radio One

Several hedge funds have recently made changes to their positions in the company. Zazove Associates LLC boosted its position in shares of Radio One by 1.2% in the 4th quarter. Zazove Associates LLC now owns 5,083,163 shares of the company’s stock worth $4,295,000 after buying an additional 58,732 shares in the last quarter. Barclays PLC lifted its stake in shares of Radio One by 48.9% during the 4th quarter. Barclays PLC now owns 1,165,563 shares of the company’s stock worth $1,001,000 after purchasing an additional 382,559 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Radio One by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 158,629 shares of the company’s stock worth $136,000 after buying an additional 2,474 shares during the last quarter. Institutional investors and hedge funds own 19.70% of the company’s stock.

About Radio One

Radio One (NASDAQ: UONEK), doing business as Urban One, Inc, is a leading media company focused on serving African-American and urban audiences across the United States. The company operates a diversified portfolio of radio broadcasting properties, digital platforms and outdoor advertising assets. Its radio division comprises a network of stations in major U.S. markets, where it delivers music programming, news, cultural content and community outreach initiatives.

Founded in 1980 by industry pioneer Cathy Hughes, Radio One completed its initial public offering in 1999, becoming one of the first African-American-controlled firms listed on a major U.S.