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

Urban One, Inc. (NASDAQ:UONE) was the recipient of a large growth in short interest in 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 daily volume of 60,100 shares, the days-to-cover ratio is currently 3.8 days.

Urban One Stock Up 3.5 %

Urban One stock opened at $2.06 on Monday. The company has a debt-to-equity ratio of 2.57, a current ratio of 3.73 and a quick ratio of 3.73. The stock has a market capitalization of $100.78 million, a price-to-earnings ratio of 9.81 and a beta of 0.91. Urban One has a 1-year low of $1.91 and a 1-year high of $7.83. The business has a fifty day moving average price of $2.55 and a 200-day moving average price of $3.69.

Institutional Trading of Urban One

A hedge fund recently raised its stake in Urban One stock. Allspring Global Investments Holdings LLC boosted its position in shares of Urban One, Inc. (NASDAQ:UONE) by 3,371.5% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 13,886 shares of the company’s stock after acquiring an additional 13,486 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Urban One were worth $70,000 at the end of the most recent reporting period. 8.23% of the stock is owned by hedge funds and other 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.