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

Baosheng Media Group Holdings Limited (NASDAQ:BAOS) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 26,531 shares, a drop of 38.0% from the June 15th total of 42,812 shares. Approximately 2.2% of the company’s shares are sold short. Based on an average trading volume of 16,455 shares, the short-interest ratio is currently 1.6 days.

Baosheng Media Group Price Performance

NASDAQ BAOS opened at $2.48 on Friday. The business has a fifty day simple moving average of $2.77 and a 200 day simple moving average of $2.75. Baosheng Media Group has a 12 month low of $1.98 and a 12 month high of $5.40.

Baosheng Media Group (NASDAQ:BAOS) last posted its quarterly earnings data on Friday, May 1st. The company reported ($2.56) earnings per share (EPS) for the quarter. The business had revenue of $0.14 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Baosheng Media Group in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Baosheng Media Group currently has a consensus 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.