BGM Group Ltd. (NASDAQ:BGM) Stock Short Interest Declines 64.6%

BGM Group Ltd. (NASDAQ:BGM) was the recipient of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 60,294 shares, a decrease of 64.6% from the August 31st total of 170,511 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 56,580 shares, the short-interest ratio is currently 1.1 days.

Analyst Ratings Changes

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

BGM Group Price Performance

Shares of NASDAQ BGM traded down $0.01 during trading hours on Friday, hitting $0.24. 189,505 shares of the stock were exchanged, compared to its average volume of 101,313. BGM Group has a one year low of $0.23 and a one year high of $10.68. The company’s 50 day moving average is $0.28 and its 200 day moving average is $0.36.

BGM Group (NASDAQ:BGM) last announced its earnings results on Friday, August 28th. The company reported ($0.01) EPS for the quarter. The company had revenue of $12.15 million for the quarter.

BGM Group Company Profile

BGM Group Limited (NASDAQ: BGM) is a marketing and communications services company that provides integrated solutions designed to help businesses promote their brands and engage with customers.

The company’s services include marketing strategy, brand development, public relations, media relations, event planning and execution, advertising, and digital marketing. Its work may combine traditional media, online channels, promotional campaigns, and corporate events to support clients’ communication and customer-acquisition objectives.

BGM Group is organized as a holding company and conducts its operations through subsidiaries.