Beasley Broadcast Group, Inc. (NASDAQ:BBGI) Short Interest Up 146.7% in January

Beasley Broadcast Group, Inc. (NASDAQ:BBGI) was the recipient of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 101,751 shares, an increase of 146.7% from the January 15th total of 41,241 shares. Based on an average daily volume of 246,763 shares, the days-to-cover ratio is currently 0.4 days. Approximately 11.9% of the shares of the company are short sold. Approximately 11.9% of the shares of the company are short sold. Based on an average daily volume of 246,763 shares, the days-to-cover ratio is currently 0.4 days.

Beasley Broadcast Group Price Performance

Shares of NASDAQ BBGI opened at $4.03 on Friday. The firm has a market capitalization of $7.25 million, a P/E ratio of -0.85 and a beta of 0.33. Beasley Broadcast Group has a one year low of $3.67 and a one year high of $26.37. The company’s fifty day moving average is $5.39 and its two-hundred day moving average is $5.08. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.15 and a current ratio of 1.15.

Beasley Broadcast Group (NASDAQ:BBGI) last announced its quarterly earnings data on Monday, November 10th. The company reported ($1.97) EPS for the quarter. The company had revenue of $50.98 million during the quarter. Beasley Broadcast Group had a negative net margin of 3.84% and a negative return on equity of 2.59%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Beasley Broadcast Group in a research report on Monday, December 22nd. One equities 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”.

Hedge Funds Weigh In On Beasley Broadcast Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Gamco Investors INC. ET AL grew its holdings in Beasley Broadcast Group by 22.3% in the third quarter. Gamco Investors INC. ET AL now owns 56,154 shares of the company’s stock valued at $296,000 after purchasing an additional 10,238 shares during the last quarter. HRT Financial LP purchased a new stake in shares of Beasley Broadcast Group in the 4th quarter worth about $129,000. Susquehanna International Group LLP acquired a new stake in Beasley Broadcast Group in the 3rd quarter valued at about $85,000. Finally, Osaic Holdings Inc. acquired a new stake in Beasley Broadcast Group in the 2nd quarter valued at about $83,000. 21.73% of the stock is owned by institutional investors and hedge funds.

Beasley Broadcast Group Company Profile

Beasley Broadcast Group, Inc is a diversified media company primarily engaged in the ownership, operation and licensing of radio broadcast stations across the United States. Headquartered in Naples, Florida, the company provides local and regional audiences with a mix of music, news, talk and sports programming designed to serve diverse demographic markets. Through its portfolio of stations, Beasley generates advertising revenues by offering on-air spots, sponsorships and promotional partnerships to national and local advertisers.

In addition to traditional over-the-air programming, Beasley Broadcast Group offers digital services that include live audio streaming, podcast production, mobile apps and website content for many of its radio brands.