Radio One, Inc. (NASDAQ:UONEK) Short Interest Down 65.6% in July

Radio One, Inc. (NASDAQ:UONEKGet Free Report) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 35,127 shares, a decrease of 65.6% from the July 15th total of 101,975 shares. Approximately 1.6% of the shares of the company are short sold. Based on an average daily trading volume, of 17,720 shares, the days-to-cover ratio is currently 2.0 days.

Radio One Stock Performance

UONEK traded up $0.10 on Friday, hitting $5.33. The company’s stock had a trading volume of 27,726 shares, compared to its average volume of 24,769. Radio One has a 12 month low of $3.58 and a 12 month high of $10.90. The firm has a market cap of $24.07 million, a P/E ratio of -0.35 and a beta of 0.37. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 20.77. The company’s 50 day simple moving average is $4.72 and its 200-day simple moving average is $5.72.

Radio One (NASDAQ:UONEKGet Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.54 earnings per share (EPS) for the quarter. Radio One had a negative return on equity of 7.13% and a negative net margin of 19.04%.The business had revenue of $85.76 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Radio One in a research note on Monday, June 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Get Our Latest Report on Radio One

Hedge Funds Weigh In On Radio One

Hedge funds have recently bought and sold shares of the company. Zazove Associates LLC boosted its holdings in Radio One by 1.2% in the 4th quarter. Zazove Associates LLC now owns 5,083,163 shares of the company’s stock valued at $4,295,000 after purchasing an additional 58,732 shares during the period. Barclays PLC increased its holdings in shares of Radio One by 48.9% in the fourth quarter. Barclays PLC now owns 1,165,563 shares of the company’s stock worth $1,001,000 after purchasing an additional 382,559 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Radio One by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 158,629 shares of the company’s stock worth $136,000 after buying an additional 2,474 shares in the last quarter. Hedge funds and other institutional investors own 19.70% of the company’s stock.

Radio One Company Profile

(Get Free Report)

Radio One (NASDAQ: UONEK), doing business as Urban One, Inc, is a leading media company focused on serving African-American and urban audiences across the United States. The company operates a diversified portfolio of radio broadcasting properties, digital platforms and outdoor advertising assets. Its radio division comprises a network of stations in major U.S. markets, where it delivers music programming, news, cultural content and community outreach initiatives.

Founded in 1980 by industry pioneer Cathy Hughes, Radio One completed its initial public offering in 1999, becoming one of the first African-American-controlled firms listed on a major U.S.

Further Reading

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