(NASDAQ:UONE) shares saw light trading volume with 61 shares changing hands by the end of trading on Tuesday. Trading volume was down 80.39% under the stocks average daily volume.
Short traders are feeling a little more bearish on shares of the company of late if you evaluate the rise in short interest. The stock experienced a rise in short interest of 16.16% as of the latest report on October 13, 2017. Short interest grew 694 over that period. The days to cover increased to 4.0 and the percentage of shorted shares was 0.00% on October 13.
In the market the company is trading unchanged by 0.00% percent from yesterday’s close. Company shares are trading at $1.70 which is marginally under the 50 day moving average of $1.81 and impressively lower than the 200 day moving average of $2.06. The 50 day moving average went down by -5.96% whereas the 200 day moving average was down $-0.36 or -17.46%.
Radio 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, Reach Media, Internet, and Cable Television. The Radio Broadcasting segment includes radio broadcasting operations that primarily target African-American and urban listeners. As of December 31, 2016, it owned and/or operated 55 broadcast stations located in 15 urban markets. The Reach Media segment operates the Tom Joyner Morning Show; and other syndicated programming assets, including the Rickey Smiley Morning Show, Get Up! Mornings with Erica Campbell, the Russ Parr Morning Show, the Ed Lover Show, and the DL Hughley Show. The Internet segment is involved in online business, including the operation of Interactive One, an online platform serving the African-American community through social content, news, information, and entertainment Websites, including Global Grind, News One, TheUrbanDaily, and HelloBeautiful; and online social networking Websites comprising BlackPlanet and MiGente. The Cable Television segment includes the operation of TV One, an African-American targeted cable television network. Radio One, Inc. was founded in 1980 and is based in Silver Spring, Maryland..