Short Interest in Beasley Broadcast Group, Inc. (NASDAQ:BBGI) Expands By 31.7%

Beasley Broadcast Group, Inc. (NASDAQ:BBGI) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 29,100 shares, a growth of 31.7% from the December 15th total of 22,100 shares. Approximately 4.2% of the shares of the company are sold short. Based on an average daily trading volume, of 6,600 shares, the short-interest ratio is currently 4.4 days.

Beasley Broadcast Group Trading Up 1.3 %

Shares of Beasley Broadcast Group stock opened at $8.63 on Friday. Beasley Broadcast Group has a 52 week low of $7.60 and a 52 week high of $18.90. The company has a market capitalization of $13.29 million, a PE ratio of 5.17 and a beta of 0.85. The business has a 50-day simple moving average of $8.79. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.82.

Beasley Broadcast Group (NASDAQ:BBGI) last issued its quarterly earnings results on Tuesday, November 5th. The company reported ($2.33) earnings per share for the quarter. Beasley Broadcast Group had a net margin of 1.07% and a negative return on equity of 5.12%. The business had revenue of $58.19 million for the quarter, compared to analysts’ expectations of $61.10 million. During the same quarter in the prior year, the firm posted $1.80 EPS.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Beasley Broadcast Group in a report on Monday, January 13th. They set a “hold” rating for the company.

Beasley Broadcast Group Company Profile

Beasley Broadcast Group, Inc, a multi-platform media company, owns and operates radio stations in the United States. The company offers local and national advertisers integrated marketing solutions across audio, digital, and event platforms. It operates Houston Outlaws, an esports team that competes in the Overwatch League; and an esports team that competes in the Rocket League.