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

Baosheng Media Group Holdings Limited (NASDAQ:BAOS) was the target of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 13,738 shares, a drop of 28.2% from the January 29th total of 19,138 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average trading volume of 13,323 shares, the short-interest ratio is currently 1.0 days. Based on an average trading volume of 13,323 shares, the short-interest ratio is currently 1.0 days. Approximately 0.9% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Baosheng Media Group in a report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Baosheng Media Group has an average rating of “Sell”.

Baosheng Media Group Stock Performance

Shares of BAOS stock opened at $2.69 on Monday. The firm has a fifty day moving average of $2.84 and a 200-day moving average of $3.00. Baosheng Media Group has a 52-week low of $1.52 and a 52-week high of $8.30.

Baosheng Media Group (NASDAQ:BAOS) last posted its earnings results on Friday, November 28th. The company reported ($1.36) earnings per share for the quarter. The company had revenue of $0.14 million for the quarter.

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.