Urban One, Inc. (NASDAQ:UONE) Short Interest Up 32.2% in April

Urban One, Inc. (NASDAQ:UONE) was the recipient of a significant 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 trading volume of 60,100 shares, the short-interest ratio is currently 3.8 days.

Urban One Trading Up 3.5 %

UONE opened at $2.06 on Monday. Urban One has a one year low of $1.91 and a one year high of $7.83. The stock has a market capitalization of $100.78 million, a PE ratio of 9.81 and a beta of 0.91. The business’s 50 day moving average price is $2.55 and its 200 day moving average price is $3.69. The company has a debt-to-equity ratio of 2.57, a quick ratio of 3.73 and a current ratio of 3.73.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Urban One stock. Allspring Global Investments Holdings LLC grew its position in shares of Urban One, Inc. (NASDAQ:UONE) by 3,371.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,886 shares of the company’s stock after purchasing 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 SEC filing. 8.23% of the stock is owned by institutional investors.

About Urban One

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.