Baosheng Media Group Holdings Limited (NASDAQ:BAOS) Shares Shorted: Short Interest Up 776.5% in September

Baosheng Media Group Holdings Limited (NASDAQ:BAOS) was the target of a significant increase in short interest in 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 daily trading volume, of 16,470,500 shares, the short-interest ratio is currently 0.0 days. Approximately 2.6% of the shares of the company are short sold.

Baosheng Media Group Stock Performance

Shares of NASDAQ BAOS traded down $0.01 during trading hours on Friday, reaching $0.26. The stock had a trading volume of 464,987 shares, compared to its average volume of 8,822,721. Baosheng Media Group has a twelve month low of $0.24 and a twelve month high of $5.22. The business’s fifty day moving average is $0.57 and its two-hundred day moving average is $1.96.

Analyst Ratings Changes

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

About Baosheng Media Group

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.