Urban One, Inc. (NASDAQ:UONE) Sees Large Growth in Short Interest

Urban One, Inc. (NASDAQ:UONE) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 228,100 shares, a growth of 32.2% from the March 31st total of 172,600 shares. Based on an average daily trading volume, of 60,100 shares, the days-to-cover ratio is presently 3.8 days.

Urban One Price Performance

Shares of NASDAQ:UONE opened at $2.06 on Friday. The company has a current ratio of 3.73, a quick ratio of 3.73 and a debt-to-equity ratio of 2.57. The stock has a market cap of $100.78 million, a PE ratio of 9.81 and a beta of 0.91. The stock’s fifty day simple moving average is $2.55 and its two-hundred day simple moving average is $3.70. Urban One has a 1-year low of $1.91 and a 1-year high of $7.83.

Institutional Trading of Urban One

A hedge fund recently raised its stake in Urban One stock. Allspring Global Investments Holdings LLC raised its position in Urban One, Inc. (NASDAQ:UONE) by 3,371.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,886 shares of the company’s stock after buying an additional 13,486 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Urban One were worth $70,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 8.23% of the company’s stock.

Urban One Company Profile

Urban One, Inc, together with its subsidiaries, operates as an urban-oriented multi-media company in the United States. The company operates through four segments: Radio Broadcasting, Cable Television, Reach Media, and Digital. The Radio Broadcasting segment includes radio broadcasting operations that primarily target African-American and urban listeners.