Baosheng Media Group Holdings Limited (NASDAQ:BAOS) Sees Significant Increase in Short Interest

Baosheng Media Group Holdings Limited (NASDAQ:BAOS) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 36,000 shares, a growth of 339.0% from the August 31st total of 8,200 shares. Currently, 4.0% of the company’s stock are sold short. Based on an average trading volume of 574,600 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 574,600 shares, the days-to-cover ratio is currently 0.1 days. Currently, 4.0% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Baosheng Media Group from a “sell” rating to a “hold” rating in a report on Sunday, August 10th.

Baosheng Media Group Stock Up 7.0%

Baosheng Media Group stock opened at $3.50 on Friday. Baosheng Media Group has a 12-month low of $1.44 and a 12-month high of $13.66. The firm’s fifty day moving average price is $2.99 and its 200 day moving average price is $2.64.

Baosheng Media Group Company Profile

Baosheng Media Group Holdings Limited operates as an online marketing solution provider in the People's Republic of China. It connects advertisers, online media, and helping advertisers to manage their online marketing activities in various ways, including advising on advertising strategies, budget, and choice of advertising channels; procures ad inventory; offers ad optimization services; and administrates and fine-tunes the ad placement process.