Baosheng Media Group Holdings Limited (NASDAQ:BAOS) Short Interest Down 38.0% in June

Baosheng Media Group Holdings Limited (NASDAQ:BAOS) was the target of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 26,531 shares, a decrease of 38.0% from the June 15th total of 42,812 shares. Approximately 2.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 16,455 shares, the days-to-cover ratio is currently 1.6 days.

Baosheng Media Group Stock Performance

Shares of NASDAQ BAOS traded down $0.02 during midday trading on Friday, hitting $2.51. The stock had a trading volume of 11,107 shares, compared to its average volume of 26,750. The stock has a 50 day simple moving average of $2.77 and a 200-day simple moving average of $2.75. Baosheng Media Group has a 1 year low of $1.98 and a 1 year high of $5.40.

Baosheng Media Group (NASDAQ:BAOS) last issued its quarterly earnings results on Friday, May 1st. The company reported ($2.56) EPS for the quarter. The company had revenue of $0.14 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Baosheng Media Group in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Baosheng Media Group presently has an average rating of “Sell”.

Baosheng Media Group Company Profile

Baosheng Media Group is a China-based animation and digital entertainment company focused on the creation, production and distribution of original animated content and digital comics. The company develops proprietary intellectual property (IP) and oversees the full production cycle, from storyboarding and character design to animation, post-production and voice-over recording.

Baosheng Media partners with leading digital streaming platforms such as Tencent Video, iQiyi and Bilibili to deliver its animation series and serialized comics to audiences across mainland China.