MediaCo Holding Inc. (NASDAQ:MDIA – Get Free Report) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 37,396 shares, a decrease of 30.2% from the December 15th total of 53,541 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 44,301 shares, the short-interest ratio is currently 0.8 days. Based on an average daily volume of 44,301 shares, the short-interest ratio is currently 0.8 days. Approximately 0.0% of the company’s stock are sold short.
MediaCo Stock Performance
Shares of NASDAQ:MDIA traded up $0.01 during trading on Friday, reaching $0.64. 44,926 shares of the stock traded hands, compared to its average volume of 49,393. The stock has a market cap of $51.97 million, a P/E ratio of -1.18 and a beta of -0.26. The stock has a 50-day moving average of $0.77 and a two-hundred day moving average of $1.09. MediaCo has a 52-week low of $0.57 and a 52-week high of $1.60.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of MediaCo in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, MediaCo currently has a consensus rating of “Sell”.
Hedge Funds Weigh In On MediaCo
A hedge fund recently bought a new stake in MediaCo stock. JPMorgan Chase & Co. purchased a new position in MediaCo Holding Inc. (NASDAQ:MDIA – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,937,881 shares of the company’s stock, valued at approximately $2,461,000. JPMorgan Chase & Co. owned 2.37% of MediaCo as of its most recent SEC filing. 64.01% of the stock is owned by hedge funds and other institutional investors.
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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