BGM Group Ltd. (NASDAQ:BGM) Stock Short Interest Climbs 86.0%

BGM Group Ltd. (NASDAQ:BGM) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 112,147 shares, a growth of 86.0% from the September 15th total of 60,294 shares. Based on an average trading volume of 75,295 shares, the days-to-cover ratio is presently 1.5 days. Currently, 2.1% of the company’s stock are short sold.

BGM Group Stock Up 8.4%

NASDAQ BGM traded up $0.72 during mid-day trading on Friday, hitting $9.31. The stock had a trading volume of 658 shares, compared to its average volume of 7,515. The firm’s 50 day moving average is $8.46 and its 200 day moving average is $9.23. BGM Group has a twelve month low of $6.45 and a twelve month high of $303.00.

BGM Group (NASDAQ:BGM) last posted its quarterly earnings results on Friday, August 28th. The company reported ($0.30) earnings per share (EPS) for the quarter. The business had revenue of $12.15 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of BGM Group from a “sell (d)” rating to a “sell (e+)” rating in a research note on Thursday, August 6th. One analyst has rated the stock with a Sell rating. According to MarketBeat, the stock currently has an average rating of “Sell”.

BGM Group Company Profile

BGM Group is a China-based marketing and advertising services company whose shares trade on the Nasdaq under the symbol BGM. The company provides integrated marketing solutions designed to help businesses promote their brands, reach target audiences and support customer acquisition.

Its services are centered on digital and online marketing activities, which may include campaign planning, advertising placement, content development, social-media promotion and other brand-building services.