Baosheng Media Group Holdings Limited (NASDAQ:BAOS) Sees Large Drop in Short Interest

Baosheng Media Group Holdings Limited (NASDAQ:BAOS) saw a large drop in short interest in June. As of June 15th, there was short interest totaling 42,812 shares, a drop of 34.9% from the May 31st total of 65,728 shares. Based on an average daily volume of 341,307 shares, the short-interest ratio is presently 0.1 days. Currently, 3.6% of the company’s stock are sold short.

Analyst Ratings Changes

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

Baosheng Media Group Stock Performance

BAOS stock opened at $2.65 on Thursday. Baosheng Media Group has a twelve month low of $1.98 and a twelve month high of $5.40. The stock’s 50 day moving average is $2.79 and its 200-day moving average is $2.77.

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

About Baosheng Media Group

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.