Short Interest in Baosheng Media Group Holdings Limited (NASDAQ:BAOS) Declines By 28.6%

Baosheng Media Group Holdings Limited (NASDAQ:BAOS) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 13,769 shares, a drop of 28.6% from the December 31st total of 19,273 shares. Based on an average trading volume of 10,434 shares, the days-to-cover ratio is presently 1.3 days. Based on an average trading volume of 10,434 shares, the days-to-cover ratio is presently 1.3 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Baosheng Media Group in a research note on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Baosheng Media Group Trading Up 5.7%

Shares of NASDAQ BAOS traded up $0.18 during trading hours on Friday, hitting $3.36. 38,762 shares of the stock were exchanged, compared to its average volume of 32,329. Baosheng Media Group has a 12 month low of $1.52 and a 12 month high of $8.30. The firm has a fifty day moving average price of $3.01 and a 200-day moving average price of $3.03.

Baosheng Media Group (NASDAQ:BAOS) last released its quarterly earnings results on Friday, November 28th. The company reported ($1.36) earnings per share (EPS) for the quarter. The business had revenue of $0.14 million for the quarter.

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.