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

Baosheng Media Group Holdings Limited (NASDAQ:BAOS) was the recipient of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 26,531 shares, a drop of 38.0% from the June 15th total of 42,812 shares. Approximately 2.2% of the shares of the stock are short sold. Based on an average daily volume of 16,455 shares, the short-interest ratio is presently 1.6 days.

Baosheng Media Group Price Performance

Baosheng Media Group stock opened at $2.48 on Friday. Baosheng Media Group has a twelve month low of $1.98 and a twelve month high of $5.40. The company’s 50-day moving average price is $2.77 and its two-hundred day moving average price is $2.75.

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

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Baosheng Media Group in a report on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Baosheng Media Group currently has an average rating of “Sell”.

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.