Baosheng Media Group Holdings Limited (NASDAQ:BAOS) Short Interest Up 110.3% in July

Baosheng Media Group Holdings Limited (NASDAQ:BAOS) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 54,697 shares, a growth of 110.3% from the July 15th total of 26,004 shares. Based on an average daily volume of 159,627 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company’s stock are short sold.

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 analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Baosheng Media Group presently has an average rating of “Sell”.

Baosheng Media Group Price Performance

Shares of BAOS stock opened at $0.50 on Monday. Baosheng Media Group has a 12 month low of $0.42 and a 12 month high of $5.40. The company’s fifty day simple moving average is $1.99 and its 200-day simple moving average is $2.47.

About Baosheng Media Group

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.