MediaCo Holding Inc. (NASDAQ:MDIA) Short Interest Update

MediaCo Holding Inc. (NASDAQ:MDIA) was the recipient of a significant drop in short interest in May. As of May 15th, there was short interest totaling 10,823 shares, a drop of 76.4% from the April 30th total of 45,949 shares. Based on an average daily trading volume, of 31,315 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the shares of the stock are short sold.

Hedge Funds Weigh In On MediaCo

A hedge fund recently bought a new stake in MediaCo stock. Citadel Advisors LLC purchased a new position in shares of MediaCo Holding Inc. (NASDAQ:MDIA) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 32,354 shares of the company’s stock, valued at approximately $41,000. Citadel Advisors LLC owned 0.06% of MediaCo as of its most recent filing with the Securities and Exchange Commission (SEC). 64.01% of the stock is currently owned by institutional investors and hedge funds.

MediaCo Trading Down 5.5%

MediaCo stock traded down $0.05 during mid-day trading on Friday, reaching $0.85. The company had a trading volume of 11,143 shares, compared to its average volume of 56,257. MediaCo has a fifty-two week low of $0.54 and a fifty-two week high of $1.60. The company has a market cap of $69.31 million, a P/E ratio of -1.01 and a beta of 0.12. The business has a fifty day simple moving average of $0.83 and a 200 day simple moving average of $0.75.

MediaCo (NASDAQ:MDIA) last issued its earnings results on Friday, May 15th. The company reported ($0.11) earnings per share for the quarter. The business had revenue of $31.39 million for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of MediaCo from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

About MediaCo

MediaCo Holding Inc owns and operates radio stations in the United States. The company engages in the operation of WQHT-FM and WBLS-FM radio stations in the New York City area. It also offers digital advertising, and events, which includes sponsorships, ticket sales, licensing, and syndication services. MediaCo Holding Inc was incorporated in 2019 and is headquartered in New York, New York.