BGM Group Ltd. (NASDAQ:BGM) Shares Shorted: Short Interest Up 86.0% in September

BGM Group Ltd. (NASDAQ:BGM) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 112,147 shares, an increase of 86.0% from the September 15th total of 60,294 shares. Approximately 2.1% of the company’s shares are short sold. Based on an average daily volume of 75,295 shares, the days-to-cover ratio is currently 1.5 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut BGM Group from a “sell (d)” rating to a “sell (e+)” rating in a report on Thursday, August 6th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company has an average rating of “Sell”.

BGM Group Stock Performance

Shares of NASDAQ BGM opened at $9.55 on Thursday. BGM Group has a fifty-two week low of $6.45 and a fifty-two week high of $303.00. The company’s 50 day simple moving average is $8.45 and its 200 day simple moving average is $9.27.

BGM Group (NASDAQ:BGM) last released its earnings results on Friday, August 28th. The company reported ($0.30) EPS for the quarter. The business had revenue of $12.15 million for the quarter.

About BGM Group

BGM Group is a China-based marketing and advertising services company whose shares trade on the Nasdaq under the symbol BGM. The company provides integrated marketing solutions designed to help businesses promote their brands, reach target audiences and support customer acquisition.

Its services are centered on digital and online marketing activities, which may include campaign planning, advertising placement, content development, social-media promotion and other brand-building services.