Baosheng Media Group Holdings Limited (NASDAQ:BAOS) Short Interest Down 92.7% in August

by · The Cerbat Gem

Baosheng Media Group Holdings Limited (NASDAQ:BAOS – Get Free Report) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 77,229 shares, a decline of 92.7% from the August 15th total of 1,057,429 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 5,460,562 shares, the days-to-cover ratio is presently 0.0 days.

Baosheng Media Group Stock Down 1.6%

Shares of Baosheng Media Group stock traded down $0.00 on Friday, hitting $0.30. 1,238,420 shares of the company’s stock traded hands, compared to its average volume of 9,915,542. The company has a fifty day moving average of $1.03 and a two-hundred day moving average of $2.13. Baosheng Media Group has a one year low of $0.27 and a one year high of $5.22.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Baosheng Media Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

View Our Latest Report on BAOS

About Baosheng Media Group

(Get Free Report)

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.

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