Baosheng Media Group Holdings Limited (NASDAQ:BAOS) Short Interest Up 110.3% in July

Baosheng Media Group Holdings Limited (NASDAQ:BAOS) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 54,697 shares, a growth of 110.3% from the July 15th total of 26,004 shares. Based on an average daily trading volume, of 159,627 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

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

Baosheng Media Group Stock Down 16.0%

BAOS traded down $0.10 on Friday, hitting $0.50. The company’s stock had a trading volume of 3,732,363 shares, compared to its average volume of 5,888,842. Baosheng Media Group has a 12 month low of $0.42 and a 12 month high of $5.40. The company’s 50 day simple moving average is $1.99 and its 200-day simple moving average is $2.47.

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.