Radio One, Inc. (NASDAQ:UONE) Sees Large Decline in Short Interest

Radio One, Inc. (NASDAQ:UONE) was the target of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 44,115 shares, a decrease of 36.0% from the June 15th total of 68,960 shares. Currently, 1.9% of the company’s stock are short sold. Based on an average daily volume of 30,989 shares, the days-to-cover ratio is presently 1.4 days.

Radio One Price Performance

Shares of UONE opened at $4.99 on Friday. Radio One has a fifty-two week low of $4.63 and a fifty-two week high of $18.80. The firm’s 50-day simple moving average is $5.68 and its two-hundred day simple moving average is $7.90. The stock has a market cap of $22.55 million, a PE ratio of -0.16 and a beta of 0.82. The company has a debt-to-equity ratio of 17.92, a quick ratio of 1.84 and a current ratio of 1.84.

Radio One (NASDAQ:UONE) last released its earnings results on Thursday, May 14th. The company reported ($0.69) earnings per share (EPS) for the quarter. Radio One had a negative net margin of 38.41% and a positive return on equity of 32.35%. The business had revenue of $77.65 million for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Radio One in a research report on Thursday, June 11th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Radio One currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Radio One stock. Geode Capital Management LLC grew its stake in Radio One, Inc. (NASDAQ:UONE) by 3.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 88,564 shares of the company’s stock after acquiring an additional 3,294 shares during the quarter. Geode Capital Management LLC owned 1.97% of Radio One worth $91,000 at the end of the most recent quarter. 8.23% of the stock is owned by hedge funds and other institutional investors.

Radio One Company Profile

Urban One, Inc, formerly known as Radio One, Inc, is a media company primarily serving African-American and urban audiences across the United States. The company’s core business activities center on radio broadcasting, operating a portfolio of urban-format radio stations that deliver music, news, and community-focused programming. Urban One’s radio network spans key metropolitan markets including Washington, DC, Atlanta, Philadelphia, and Minneapolis, among others.

In addition to its terrestrial radio operations, Urban One has expanded into digital media to engage listeners online.