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

Radio One, Inc. (NASDAQ:UONEK) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 35,127 shares, a drop of 65.6% from the July 15th total of 101,975 shares. Currently, 1.6% of the shares of the stock are sold short. Based on an average trading volume of 17,720 shares, the days-to-cover ratio is currently 2.0 days.

Institutional Trading of Radio One

Several institutional investors have recently added to or reduced their stakes in UONEK. Zazove Associates LLC grew its stake in shares of Radio One by 1.2% during the fourth quarter. Zazove Associates LLC now owns 5,083,163 shares of the company’s stock valued at $4,295,000 after buying an additional 58,732 shares during the last quarter. Barclays PLC lifted its stake in shares of Radio One by 48.9% in 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 during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Radio One by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 158,629 shares of the company’s stock valued at $136,000 after acquiring an additional 2,474 shares during the last quarter. 19.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Radio One in a research report on Monday, June 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Radio One Price Performance

NASDAQ UONEK traded up $0.10 during trading hours on Friday, reaching $5.33. 27,726 shares of the stock traded hands, compared to its average volume of 24,769. The company has a debt-to-equity ratio of 20.77, a current ratio of 1.84 and a quick ratio of 1.84. The stock has a 50 day simple moving average of $4.72 and a two-hundred day simple moving average of $5.72. Radio One has a 1 year low of $3.58 and a 1 year high of $10.90. The company has a market cap of $24.07 million, a price-to-earnings ratio of -0.35 and a beta of 0.37.

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

Radio One Company Profile

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.