Spanish Broadcasting System, Inc. (OTCMKTS:SBSAA) Sees Significant Increase in Short Interest

Spanish Broadcasting System, Inc. (OTCMKTS:SBSAA) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 1,400 shares, an increase of 27.3% from the September 15th total of 1,100 shares. Based on an average daily volume of 12,100 shares, the short-interest ratio is currently 0.1 days.

Shares of OTCMKTS:SBSAA traded down $0.08 during trading hours on Friday, hitting $0.17. The stock had a trading volume of 880 shares, compared to its average volume of 8,390. The stock’s fifty day simple moving average is $0.18 and its 200 day simple moving average is $0.31. The firm has a market capitalization of $1.13 million, a price-to-earnings ratio of -0.06 and a beta of -0.66. Spanish Broadcasting System has a 1-year low of $0.07 and a 1-year high of $0.75.

Spanish Broadcasting System Company Profile

Spanish Broadcasting System, Inc operates as a Spanish-language media and entertainment company in the United States. It operates in two segments, Radio and Television. The company produces and distributes Spanish-language content, including radio programs, television shows, and music and live entertainment.

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