Baosheng Media Group Holdings Limited (NASDAQ:BAOS) Short Interest Down 31.7% in March

Baosheng Media Group Holdings Limited (NASDAQ:BAOSGet Rating) was the target of a large decline in short interest in March. As of March 31st, there was short interest totalling 23,100 shares, a decline of 31.7% from the March 15th total of 33,800 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 255,200 shares, the days-to-cover ratio is presently 0.1 days.

Shares of NASDAQ BAOS opened at $0.58 on Friday. Baosheng Media Group has a 12 month low of $0.42 and a 12 month high of $5.87. The business has a 50-day moving average of $0.60 and a 200-day moving average of $1.02.

Hedge funds and other institutional investors have recently modified their holdings of the company. Virtu Financial LLC purchased a new position in shares of Baosheng Media Group during the fourth quarter worth about $39,000. Citadel Advisors LLC purchased a new position in shares of Baosheng Media Group during the third quarter worth about $39,000. Finally, Renaissance Technologies LLC purchased a new position in shares of Baosheng Media Group during the fourth quarter worth about $175,000. 0.08% of the stock is owned by institutional investors.

Baosheng Media Group Company Profile (Get Rating)

Baosheng Media Group Holdings Limited operates as an online marketing solution provider in the People's Republic of China. The company connects advertisers and 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.

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