Baosheng Media Group Holdings Limited (NASDAQ:BAOS – Get Free Report) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 1,057,429 shares, a growth of 1,833.2% from the July 30th total of 54,697 shares. Approximately 3.1% of the company’s shares are short sold. Based on an average trading volume of 11,651,263 shares, the short-interest ratio is currently 0.1 days.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Baosheng Media Group in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Baosheng Media Group presently has an average rating of “Sell”.
Baosheng Media Group Stock Down 5.4%
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.
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