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

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

Baosheng Media Group Stock Performance

BAOS traded up $0.00 during trading on Friday, reaching $0.31. 917,048 shares of the company’s stock were exchanged, compared to its average volume of 1,888,723. Baosheng Media Group has a 1 year low of $0.27 and a 1 year high of $5.22. The company’s fifty day simple moving average is $1.08 and its 200-day simple moving average is $2.14.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of Baosheng Media Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Baosheng Media Group presently has an average rating of “Sell”.

Baosheng Media Group Company Profile

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.