Baosheng Media Group Holdings Limited (NASDAQ:BAOS) Short Interest Up 110.3% in July

Baosheng Media Group Holdings Limited (NASDAQ:BAOS) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 54,697 shares, an increase of 110.3% from the July 15th total of 26,004 shares. Based on an average daily volume of 159,627 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the shares of the company are sold short.

Baosheng Media Group Stock Performance

BAOS stock traded down $0.10 during mid-day trading on Friday, hitting $0.50. The company had a trading volume of 3,732,363 shares, compared to its average volume of 5,888,842. Baosheng Media Group has a 12 month low of $0.42 and a 12 month high of $5.40. The stock’s fifty day moving average price is $1.99 and its two-hundred day moving average price is $2.47.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Baosheng Media Group in a research note on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

About Baosheng Media Group

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.