BGM Group Ltd. (NASDAQ:BGM – Get Free Report) saw a large drop in short interest in September. As of September 15th, there was short interest totaling 60,294 shares, a drop of 64.6% from the August 31st total of 170,511 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 56,580 shares, the days-to-cover ratio is presently 1.1 days.
BGM Group Trading Up 9.4%
Shares of NASDAQ:BGM traded up $0.02 during midday trading on Tuesday, reaching $0.27. 103,992 shares of the company’s stock traded hands, compared to its average volume of 277,161. BGM Group has a one year low of $0.23 and a one year high of $10.68. The stock has a 50 day moving average of $0.28 and a 200 day moving average of $0.35.
Shares of BGM Group are set to reverse split on the morning of Thursday, October 1st. The 1-30 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, September 30th.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings cut BGM Group from a “sell (d)” rating to a “sell (e+)” rating in a research note on Thursday, August 6th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, BGM Group currently has an average rating of “Sell”.
Get Our Latest Research Report on BGM
About BGM Group
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.
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