Short Interest in Baosheng Media Group Holdings Limited (NASDAQ:BAOS) Grows By 1,833.2%

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Baosheng Media Group in a research report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Baosheng Media Group Stock Up 0.2%

Shares of BAOS opened at $0.44 on Thursday. The firm’s fifty day simple moving average is $1.60 and its two-hundred day simple moving average is $2.32. Baosheng Media Group has a 12 month low of $0.40 and a 12 month high of $5.40.

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.