Radio One, Inc. (NASDAQ:UONEK) Short Interest Down 33.8% in August

Radio One, Inc. (NASDAQ:UONEK) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 18,785 shares, a decline of 33.8% from the August 15th total of 28,361 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average daily volume of 23,570 shares, the days-to-cover ratio is presently 0.8 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated 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, According to data from MarketBeat, the stock has an average rating of “Sell”.

Radio One Price Performance

UONEK stock traded down $0.02 during mid-day trading on Friday, reaching $4.23. 2,541 shares of the company’s stock were exchanged, compared to its average volume of 6,342. Radio One has a 12-month low of $3.58 and a 12-month high of $10.90. The company has a market cap of $19.50 million, a price-to-earnings ratio of -0.28 and a beta of 0.26. The company has a debt-to-equity ratio of 20.77, a current ratio of 1.84 and a quick ratio of 1.84. The stock’s 50 day moving average is $4.61 and its 200 day moving average is $5.07.

Radio One (NASDAQ:UONEK) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.54 EPS for the quarter. The company had revenue of $85.76 million during the quarter. Radio One had a negative net margin of 19.04% and a negative return on equity of 7.13%.

About Radio One

Radio One, Inc, now known as Urban One, Inc, is a diversified media company focused on serving African American and urban audiences in the United States. The company’s businesses span radio, television, digital media and syndicated content, with programming that includes news, entertainment, music, talk and community-oriented features.

Through its radio operations, the company owns and operates stations in selected U.S. markets, primarily under the Radio One and related brands. Its media portfolio also includes TV One, a cable television network offering original and acquired programming, and One Digital, which provides digital content and advertising solutions.