Baosheng Media Group Holdings Limited (NASDAQ:BAOS) Sees Significant Decrease in Short Interest

Baosheng Media Group Holdings Limited (NASDAQ:BAOS) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 13,769 shares, a drop of 28.6% from the December 31st total of 19,273 shares. Based on an average daily trading volume, of 10,434 shares, the days-to-cover ratio is presently 1.3 days. Based on an average daily trading volume, of 10,434 shares, the days-to-cover ratio is presently 1.3 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Baosheng Media Group in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Baosheng Media Group Stock Performance

NASDAQ BAOS opened at $3.36 on Friday. The stock’s 50 day moving average is $3.01 and its 200 day moving average is $3.03. Baosheng Media Group has a twelve month low of $1.52 and a twelve month high of $8.30.

Baosheng Media Group (NASDAQ:BAOS) last announced its quarterly earnings data on Friday, November 28th. The company reported ($1.36) EPS for the quarter. The business had revenue of $0.14 million during the quarter.

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.