MediaCo Holding Inc. (NASDAQ:MDIA – Get Free Report) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totaling 12,520 shares, a decrease of 79.1% from the June 30th total of 59,945 shares. Based on an average daily volume of 61,179 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are sold short.
Hedge Funds Weigh In On MediaCo
A hedge fund recently bought a new stake in MediaCo stock. JPMorgan Chase & Co. bought a new stake in shares of MediaCo Holding Inc. (NASDAQ:MDIA – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,937,881 shares of the company’s stock, valued at approximately $2,461,000. JPMorgan Chase & Co. owned approximately 2.37% of MediaCo at the end of the most recent quarter. Hedge funds and other institutional investors own 64.01% of the company’s stock.
MediaCo Stock Performance
MDIA stock opened at $1.00 on Friday. MediaCo has a fifty-two week low of $0.54 and a fifty-two week high of $1.64. The company has a market capitalization of $81.73 million, a price-to-earnings ratio of -1.19 and a beta of 0.05. The business’s 50 day moving average price is $0.90 and its two-hundred day moving average price is $0.78.
Analyst Ratings Changes
Separately, Weiss Ratings raised shares of MediaCo from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.
Get Our Latest Research Report on MDIA
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.
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