Radio One, Inc. (NASDAQ:UONEK) Short Interest Up 1,243.9% in July

Radio One, Inc. (NASDAQ:UONEK) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 101,975 shares, an increase of 1,243.9% from the June 30th total of 7,588 shares. Based on an average trading volume of 216,408 shares, the short-interest ratio is presently 0.5 days. Currently, 4.6% of the company’s stock are short sold.

Radio One Stock Up 2.8%

NASDAQ UONEK traded up $0.14 during trading on Friday, reaching $5.08. The company’s stock had a trading volume of 8,718 shares, compared to its average volume of 128,554. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 17.92. The stock has a market capitalization of $22.96 million, a PE ratio of -0.16 and a beta of 0.37. Radio One has a 1-year low of $3.58 and a 1-year high of $10.90. The business has a 50-day moving average price of $4.64 and a 200-day moving average price of $6.05.

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

Hedge Funds Weigh In On Radio One

Several institutional investors have recently bought and sold shares of UONEK. Geode Capital Management LLC lifted its position in shares of Radio One by 1.6% in the fourth 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. Barclays PLC increased its holdings 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 valued at $1,001,000 after acquiring an additional 382,559 shares during the last quarter. Finally, Zazove Associates LLC increased its holdings in shares of Radio One by 1.2% during the 4th quarter. Zazove Associates LLC now owns 5,083,163 shares of the company’s stock valued at $4,295,000 after acquiring an additional 58,732 shares during the last quarter. 19.70% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Radio One in a research note on Monday, June 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Radio One has a consensus rating of “Sell”.

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.