Short Interest in Baosheng Media Group Holdings Limited (NASDAQ:BAOS) Drops By 58.6%

Baosheng Media Group Holdings Limited (NASDAQ:BAOS) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totalling 3,600 shares, a decrease of 58.6% from the May 31st total of 8,700 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 12,900 shares, the days-to-cover ratio is presently 0.3 days.

Baosheng Media Group Price Performance

NASDAQ BAOS traded up $0.12 during trading hours on Friday, reaching $1.98. 1,300 shares of the company’s stock were exchanged, compared to its average volume of 12,548. The company’s 50-day moving average is $2.82 and its two-hundred day moving average is $3.32. Baosheng Media Group has a one year low of $1.61 and a one year high of $11.29.

Baosheng Media Group Company Profile

Baosheng Media Group Holdings Limited operates as an online marketing solution provider in the People's Republic of China. It connects advertisers, online media, and helping advertisers to manage their online marketing activities in various ways, including advising on advertising strategies, budget, and choice of advertising channels; procures ad inventory; offers ad optimization services; and administrates and fine-tunes the ad placement process.