Baosheng Media Group Holdings Limited (NASDAQ:BAOS) Sees Significant Increase in Short Interest

Baosheng Media Group Holdings Limited (NASDAQ:BAOS) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 36,000 shares, a growth of 339.0% from the August 31st total of 8,200 shares. Approximately 4.0% of the company’s shares are short sold. Based on an average trading volume of 574,600 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 574,600 shares, the short-interest ratio is currently 0.1 days. Approximately 4.0% of the company’s shares are short sold.

Baosheng Media Group Trading Up 7.0%

Shares of BAOS opened at $3.50 on Friday. The company’s fifty day moving average is $2.99 and its two-hundred day moving average is $2.64. Baosheng Media Group has a fifty-two week low of $1.44 and a fifty-two week high of $13.66.

Wall Street Analyst Weigh In

Separately, 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.

About Baosheng Media Group

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.