Baosheng Media Group Holdings Limited (NASDAQ:BAOS) Short Interest Update

Baosheng Media Group Holdings Limited (NASDAQ:BAOS) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 77,229 shares, a decline of 92.7% from the August 15th total of 1,057,429 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 5,460,562 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of Baosheng Media Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Baosheng Media Group Price Performance

NASDAQ BAOS traded down $0.03 during trading on Thursday, hitting $0.31. 697,839 shares of the company traded hands, compared to its average volume of 10,104,409. Baosheng Media Group has a 12 month low of $0.27 and a 12 month high of $5.22. The business has a fifty day simple moving average of $1.08 and a 200 day simple moving average of $2.14.

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.