Radio One June 15th Short Interest Update

Radio One (NASDAQ:ROIAK) has witnessed a drop of 0.7% or 17,667 shares in its short figure. The short interest diminution took it from 2,671,078 on May 31,2016 to 2,653,411 on June 15,2016. In terms of floated shares, the short interest was calculated to be 10.4%. The days to cover are 63 given that the daily volume averaged 42,285 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Radio One (NASDAQ:ROIAK): The stock opened at $2.93 on Friday but the bulls could not build on the opening and the stock topped out at $3.13 for the day. The stock traded down to $2.76 during the day, due to lack of any buying support eventually closed down at $2.87 with a loss of -7.42% for the day. The stock had closed at $3.10 on the previous day. The total traded volume was 2,075,587 shares.

The company shares have dropped -10.59% from its 1 Year high price. On Jul 2, 2015, the shares registered one year high at $3.64 and the one year low was seen on Feb 26, 2016. The 50-Day Moving Average price is $2.62 and the 200 Day Moving Average price is recorded at $1.82.

Radio One (NASDAQ:ROIAK) has tumbled 2.71% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 3.61% in the last four weeks. The stocks have underperformed the S&P 500 by 1.1% during the past week but Radio One (NASDAQ:ROIAK) it has outperformed the index in 4 weeks by 6.75%.

Radio One, Inc., together with its subsidiaries, is an urban-oriented, multi-media company. The Companys core business is its radio broadcasting franchise that primarily targets African-American and urban listeners. The Company operates its business in four segments: radio broadcasting; Reach Media; Internet, and cable television. The radio broadcasting segment consists of all radio broadcast results of operations. The Reach Media segment consists of the results of operations for the morning shows and related activities in addition to other syndicated radio shows. The Internet segment includes the results of its online business. The cable television segment consists of TV One, LLC (TV One) results of operations. The Company owns and/or operates approximately 54 broadcast stations located in around 16 urban markets in the United States, with approximately 13.8 million weekly national listeners.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.