Radio One, Inc. (NASDAQ:UONEK) Short Interest Update

Radio One, Inc. (NASDAQ:UONEK) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 5,849 shares, a decline of 50.0% from the May 31st total of 11,691 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average trading volume of 9,680 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its position in shares of Radio One by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 158,629 shares of the company’s stock worth $136,000 after purchasing an additional 2,474 shares during the last quarter. Zazove Associates LLC raised its position in shares of Radio One by 1.2% during the 4th quarter. Zazove Associates LLC now owns 5,083,163 shares of the company’s stock valued at $4,295,000 after acquiring an additional 58,732 shares in the last quarter. Finally, Barclays PLC raised its position in shares of Radio One by 48.9% during the 4th quarter. Barclays PLC now owns 1,165,563 shares of the company’s stock valued at $1,001,000 after acquiring an additional 382,559 shares in the last quarter. 19.70% of the stock is currently owned by institutional investors.

Radio One Stock Down 1.2%

Shares of UONEK traded down $0.06 during midday trading on Tuesday, reaching $4.55. 1,062 shares of the company were exchanged, compared to its average volume of 7,707. The stock has a 50-day moving average price of $4.96 and a 200-day moving average price of $6.64. The company has a market cap of $20.58 million, a price-to-earnings ratio of -0.15 and a beta of 0.36. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 17.92. Radio One has a 1-year low of $4.18 and a 1-year high of $14.00.

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

About Radio One

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.