Baosheng Media Group Holdings Limited (NASDAQ:BAOS) Short Interest Update

Baosheng Media Group Holdings Limited (NASDAQ:BAOS) was the recipient of a large drop in short interest during 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. Currently, 2.2% of the shares of the company are short sold. Based on an average daily trading volume, of 16,455 shares, the short-interest ratio is currently 1.6 days.

Baosheng Media Group Trading Down 0.8%

BAOS opened at $2.51 on Friday. Baosheng Media Group has a 1-year low of $1.98 and a 1-year high of $5.40. The firm’s 50 day simple moving average is $2.77 and its two-hundred day simple moving average is $2.75.

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

Analyst Upgrades and Downgrades

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

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.