Baosheng Media Group Holdings Limited (NASDAQ:BAOS) Stock Short Interest Climbs 776.5%

Baosheng Media Group Holdings Limited (NASDAQ:BAOS) saw a large increase in short interest during the month of 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. Currently, 2.6% of the shares of the company are short sold. Based on an average daily trading volume, of 16,470,500 shares, the days-to-cover ratio is currently 0.0 days.

Baosheng Media Group Trading Up 4.2%

NASDAQ:BAOS traded up $0.01 during trading hours on Thursday, hitting $0.28. The company’s stock had a trading volume of 596,606 shares, compared to its average volume of 8,931,508. Baosheng Media Group has a 52-week low of $0.24 and a 52-week high of $5.22. The business’s 50-day moving average is $0.61 and its two-hundred day moving average is $1.97.

Analyst Upgrades and Downgrades

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

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.