Short Interest in Cumulus Media Inc. (NASDAQ:CMLS) Increases By 31.2%

Cumulus Media Inc.

( NASDAQ:CMLS Get Free Report ) was the recipient of a large growth in short interest during the month of August.

As of August 15th, there was short interest totaling 133,200 shares, a growth of 31.2% from the July 31st total of 101,500 shares.

Based on an average daily volume of 286,900 shares, the days-to-cover ratio is currently 0.5 days.

Based on an average daily volume of 286,900 shares, the days-to-cover ratio is currently 0.5 days.

Cumulus Media Stock Performance Shares of CMLS stock opened at $0.14 on Wednesday.

The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 3.68.

Cumulus Media has a 12-month low of $0.10 and a 12-month high of $1.58.

The businesss 50 day moving average is $0.15 and its two-hundred day moving average is $0.24.

The company has a market capitalization of $2.45 million, a P/E ratio of -0.02 and a beta of 1.19.

Wall Street Analyst Weigh In Separately, Wall Street Zen started coverage on shares of Cumulus Media in a report on Friday, May 16th.

They issued a hold rating for the company.

About Cumulus Media ( Get Free Report ) Cumulus Media Inc, an audio-first media company, owns and operates radio stations in the United States.

It owns and operates stations in various markets, as well as affiliated stations through Westwood One.

The company's content portfolio includes sports, news, talk, and entertainment programming from various brands, including the NFL, the NCAA, the Masters, CNN, AP News, the Academy of Country Music Awards, and other partners.

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