Salem Media Group, Inc. (NASDAQ:SALM) Short Interest Update

Salem Media Group, Inc. (NASDAQ:SALM) was the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totaling 6,200 shares, adecreaseof45.1% from the July 15th total of 11,300 shares. Approximately0.1% of the shares of the company are short sold. Based on an average trading volume of 41,100 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 41,100 shares, the short-interest ratio is currently 0.2 days. Approximately0.1% of the shares of the company are short sold.

Salem Media Group Price Performance

SALM opened at $0.86 on Monday. The company has a market capitalization of $23.41 million, a P/E ratio of -2.53 and a beta of -0.51. The firm’s fifty day moving average price is $0.90 and its two-hundred day moving average price is $0.88. Salem Media Group has a fifty-two week low of $0.15 and a fifty-two week high of $2.09.

Wall Street Analyst Weigh In

Separately, Wall Street Zen began coverage on Salem Media Group in a report on Wednesday, May 21st. They set a “hold” rating on the stock.

About Salem Media Group

Salem Media Group, Inc operates as a multimedia company in the United States. It operates in three segments: Broadcast, Digital Media, and Publishing. The company owns and operates radio stations; offers programming to Christian and family-themed talk stations, music stations, and news talk stations; places advertising on Christian and talk formatted radio stations, and other commercial radio station formats; and operates Salem Podcast Network, a platform for conservative, political, news, and family-oriented podcasts.