Beasley Broadcast Group, Inc. (NASDAQ:BBGI) Short Interest Update

Beasley Broadcast Group, Inc. (NASDAQ:BBGI) was the target of a large increase in short interest in 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 trading volume of 246,763 shares, the short-interest ratio is currently 0.4 days. Approximately 11.9% of the shares of the stock are short sold. Approximately 11.9% of the shares of the stock are short sold. Based on an average trading volume of 246,763 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Beasley Broadcast Group in a report on Monday, December 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Beasley Broadcast Group Price Performance

NASDAQ:BBGI opened at $4.08 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.68. The firm has a market cap of $7.36 million, a PE ratio of -0.86 and a beta of 0.33. Beasley Broadcast Group has a 12 month low of $3.67 and a 12 month high of $26.37. The company’s 50-day moving average price is $5.38 and its two-hundred day moving average price is $5.08.

Institutional Trading of Beasley Broadcast Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Gamco Investors INC. ET AL raised its holdings in shares of 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 buying an additional 10,238 shares during the last quarter. Susquehanna International Group LLP acquired a new stake in Beasley Broadcast Group in the 3rd quarter valued at about $85,000. Osaic Holdings Inc. bought a new position in shares of Beasley Broadcast Group in the second quarter worth about $83,000. Finally, HRT Financial LP acquired a new position in shares of Beasley Broadcast Group during the fourth quarter worth approximately $129,000. 21.73% of the stock is currently 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.