MediaCo Holding Inc. (NASDAQ:MDIA) Short Interest Up 135.4% in June

MediaCo Holding Inc. (NASDAQ:MDIA) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 82,739 shares, an increase of 135.4% from the May 31st total of 35,146 shares. Based on an average daily trading volume, of 426,138 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Trading of MediaCo

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

MediaCo Price Performance

MDIA traded up $0.00 on Monday, reaching $0.92. The company’s stock had a trading volume of 40,980 shares, compared to its average volume of 90,523. MediaCo has a 1 year low of $0.54 and a 1 year high of $1.64. The business’s 50 day moving average is $0.86 and its 200 day moving average is $0.73. The stock has a market cap of $74.85 million, a price-to-earnings ratio of -1.09 and a beta of 0.08.

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

Analyst Ratings Changes

Separately, Weiss Ratings raised MediaCo from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average 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.