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

Baosheng Media Group Holdings Limited (NASDAQ:BAOS) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 676,904 shares, an increase of 776.5% from the August 31st total of 77,229 shares. Based on an average trading volume of 16,470,500 shares, the short-interest ratio is currently 0.0 days. Currently, 2.6% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Baosheng Media Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, September 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Baosheng Media Group Trading Up 4.2%

Baosheng Media Group stock opened at $0.28 on Friday. The stock has a 50-day moving average of $0.61 and a two-hundred day moving average of $1.97. Baosheng Media Group has a one year low of $0.24 and a one year high of $5.22.

Baosheng Media Group Company Profile

Baosheng Media Group Holdings Limited is a China-based advertising and marketing services company. The company provides integrated marketing solutions designed to help businesses promote their brands, products and services through digital and other media channels.

Its services include advertising campaign planning, media placement, creative and promotional support, and related marketing services. Baosheng Media works with clients across industries and helps coordinate advertising activities from strategy and content development through placement and campaign execution.

Founded in China, the company primarily serves businesses in the Chinese market through its operating subsidiaries and media relationships.