Radio One, Inc. (NASDAQ:UONEK) Short Interest Update

Radio One, Inc. (NASDAQ:UONEK) was the recipient of a large increase in short interest during the month of 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 daily volume of 216,408 shares, the days-to-cover ratio is currently 0.5 days. Currently, 4.6% of the shares of the company are short sold.

Radio One Stock Performance

UONEK traded up $0.14 on Friday, hitting $5.08. 8,718 shares of the company traded hands, compared to its average volume of 128,554. Radio One has a 12-month low of $3.58 and a 12-month high of $10.90. The company has a 50 day moving average of $4.64 and a 200-day moving average of $6.05. The company has a quick ratio of 1.84, a current 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 (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 reiterated a “sell (e+)” rating on shares of Radio One in a research note on Monday, June 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Radio One

Large investors have recently bought and sold shares of the company. Zazove Associates LLC boosted its holdings in shares of Radio One by 1.2% in the fourth 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 in the last quarter. Barclays PLC boosted its holdings in Radio One by 48.9% in the 4th quarter. Barclays PLC now owns 1,165,563 shares of the company’s stock valued at $1,001,000 after purchasing an additional 382,559 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Radio One by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 158,629 shares of the company’s stock worth $136,000 after purchasing an additional 2,474 shares during the period. Hedge funds and other institutional investors own 19.70% of the company’s stock.

Radio One Company Profile

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.