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

Baosheng Media Group Holdings Limited (NASDAQ:BAOS) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 1,057,429 shares, an increase of 1,833.2% from the July 30th total of 54,697 shares. Currently, 3.1% of the company’s stock are short sold. Based on an average daily volume of 11,651,263 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Baosheng Media Group in a research note on Friday, July 17th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Baosheng Media Group Price Performance

Shares of NASDAQ BAOS traded down $0.03 on Tuesday, reaching $0.44. 4,697,793 shares of the company’s stock traded hands, compared to its average volume of 1,152,206. The business’s 50 day simple moving average is $1.70 and its two-hundred day simple moving average is $2.35. Baosheng Media Group has a 12 month low of $0.40 and a 12 month high of $5.40.

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.