Short Interest in Beasley Broadcast Group, Inc. (NASDAQ:BBGI) Increases By 115.4%

Beasley Broadcast Group, Inc. (NASDAQ:BBGI) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totaling 113,363 shares, a growth of 115.4% from the November 30th total of 52,634 shares. Approximately 13.3% of the company’s stock are short sold. Based on an average daily volume of 4,492,628 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 4,492,628 shares, the days-to-cover ratio is currently 0.0 days. Approximately 13.3% of the company’s stock are short sold.

Beasley Broadcast Group Trading Up 1.0%

NASDAQ BBGI opened at $5.03 on Friday. Beasley Broadcast Group has a 12-month low of $3.67 and a 12-month high of $26.37. The company has a fifty day simple moving average of $5.13 and a two-hundred day simple moving average of $4.89. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.68. The stock has a market cap of $9.05 million, a P/E ratio of -1.06 and a beta of 0.27.

Beasley Broadcast Group (NASDAQ:BBGI) last released its earnings results on Monday, November 10th. The company reported ($1.97) earnings per share (EPS) for the quarter. Beasley Broadcast Group had a negative net margin of 3.84% and a negative return on equity of 2.59%. The firm had revenue of $50.98 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Beasley Broadcast Group in a research note on Monday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Institutional Investors Weigh In On Beasley Broadcast Group

A number of large investors have recently bought and sold shares of BBGI. Susquehanna International Group LLP acquired a new position in Beasley Broadcast Group in the 3rd quarter worth approximately $85,000. Gamco Investors INC. ET AL boosted its holdings in shares of Beasley Broadcast Group by 22.3% in the 3rd quarter. Gamco Investors INC. ET AL now owns 56,154 shares of the company’s stock valued at $296,000 after acquiring an additional 10,238 shares during the last quarter. Finally, Osaic Holdings Inc. acquired a new stake in shares of Beasley Broadcast Group in the second quarter worth $83,000. Hedge funds and other institutional investors own 21.73% of the company’s stock.

Beasley Broadcast Group Company Profile

Beasley Broadcast Group, Inc is a diversified media company primarily engaged in the ownership, operation and licensing of radio broadcast stations across the United States. Headquartered in Naples, Florida, the company provides local and regional audiences with a mix of music, news, talk and sports programming designed to serve diverse demographic markets. Through its portfolio of stations, Beasley generates advertising revenues by offering on-air spots, sponsorships and promotional partnerships to national and local advertisers.

In addition to traditional over-the-air programming, Beasley Broadcast Group offers digital services that include live audio streaming, podcast production, mobile apps and website content for many of its radio brands.