Short Interest in Baosheng Media Group Holdings Limited (NASDAQ:BAOS) Rises By 79.2%

Baosheng Media Group Holdings Limited (NASDAQ:BAOS) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 80,300 shares, a growth of 79.2% from the September 30th total of 44,800 shares. Currently, 8.9% of the shares of the stock are short sold. Based on an average trading volume of 1,060,000 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 1,060,000 shares, the days-to-cover ratio is presently 0.1 days. Currently, 8.9% of the shares of the stock are short sold.

Baosheng Media Group Price Performance

Shares of NASDAQ BAOS opened at $3.06 on Monday. Baosheng Media Group has a 52 week low of $1.44 and a 52 week high of $13.66. The firm’s fifty day moving average is $3.26 and its 200 day moving average is $2.84.

Wall Street Analysts Forecast Growth

Several research analysts have commented on BAOS shares. Wall Street Zen raised shares of Baosheng Media Group from a “sell” rating to a “hold” rating in a research note on Sunday, August 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of Baosheng Media Group in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Baosheng Media Group Company Profile

Baosheng Media Group Holdings Limited operates as an online marketing solution provider in the People's Republic of China. It connects advertisers, online media, and helping advertisers to manage their online marketing activities in various ways, including advising on advertising strategies, budget, and choice of advertising channels; procures ad inventory; offers ad optimization services; and administrates and fine-tunes the ad placement process.