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

Baosheng Media Group Holdings Limited (NASDAQ:BAOS) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 676,904 shares, an increase of 776.5% from the August 31st total of 77,229 shares. Based on an average trading volume of 16,470,500 shares, the days-to-cover ratio is presently 0.0 days. Currently, 2.6% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of Baosheng Media Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, September 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Baosheng Media Group Trading Up 4.2%

NASDAQ BAOS traded up $0.01 on Thursday, hitting $0.28. 596,606 shares of the stock traded hands, compared to its average volume of 8,931,508. Baosheng Media Group has a twelve month low of $0.24 and a twelve month high of $5.22. The stock has a 50-day moving average of $0.61 and a 200 day moving average of $1.97.

Baosheng Media Group Company Profile

Baosheng Media Group Holdings Limited is a China-based advertising and marketing services company. The company provides integrated marketing solutions designed to help businesses promote their brands, products and services through digital and other media channels.

Its services include advertising campaign planning, media placement, creative and promotional support, and related marketing services. Baosheng Media works with clients across industries and helps coordinate advertising activities from strategy and content development through placement and campaign execution.

Founded in China, the company primarily serves businesses in the Chinese market through its operating subsidiaries and media relationships.