Baosheng Media Group Holdings Limited (NASDAQ:BAOS) Short Interest Up 1,833.2% in August

Baosheng Media Group Holdings Limited (NASDAQ:BAOS) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 1,057,429 shares, an increase of 1,833.2% from the July 30th total of 54,697 shares. Based on an average daily volume of 11,651,263 shares, the short-interest ratio is presently 0.1 days. Approximately 3.1% of the company’s shares are sold short.

Baosheng Media Group Trading Down 5.4%

Shares of NASDAQ:BAOS traded down $0.03 on Tuesday, hitting $0.44. The company had a trading volume of 4,697,793 shares, compared to its average volume of 1,152,206. The firm’s 50-day simple moving average is $1.70 and its two-hundred day simple moving average is $2.35. Baosheng Media Group has a 1 year low of $0.40 and a 1 year high of $5.40.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Baosheng Media Group in a research report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Baosheng Media Group currently has an average rating of “Sell”.

About Baosheng Media Group

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.