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

Baosheng Media Group Holdings Limited (NASDAQ:BAOS) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totaling 62,642 shares, a growth of 246.0% from the March 31st total of 18,104 shares. Based on an average daily volume of 179,258 shares, the days-to-cover ratio is currently 0.3 days. Approximately 5.3% of the shares of the stock are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Baosheng Media Group in a report on Monday, April 20th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Baosheng Media Group Price Performance

Shares of NASDAQ:BAOS opened at $2.73 on Monday. Baosheng Media Group has a 1-year low of $1.54 and a 1-year high of $8.30. The firm’s 50 day simple moving average is $2.63 and its two-hundred day simple moving average is $2.88.

Baosheng Media Group Company Profile

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.