Short Interest in Baosheng Media Group Holdings Limited (NASDAQ:BAOS) Decreases By 92.7%

Baosheng Media Group Holdings Limited (NASDAQ:BAOS) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totaling 77,229 shares, a drop of 92.7% from the August 15th total of 1,057,429 shares. Based on an average daily volume of 5,460,562 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.3% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Baosheng Media Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Baosheng Media Group Trading Down 8.8%

Shares of NASDAQ:BAOS traded down $0.03 during trading on Thursday, reaching $0.31. The company had a trading volume of 697,839 shares, compared to its average volume of 10,104,409. The firm’s fifty day moving average is $1.08 and its 200 day moving average is $2.14. Baosheng Media Group has a twelve month low of $0.27 and a twelve month high of $5.22.

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.