Beasley Broadcast Group, Inc. (NASDAQ:BBGI) Sees Large Increase in Short Interest

Beasley Broadcast Group, Inc. (NASDAQ:BBGI) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totalling 29,100 shares, an increase of 31.7% from the December 31st total of 22,100 shares. Based on an average trading volume of 6,600 shares, the short-interest ratio is currently 4.4 days. Approximately 4.2% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Beasley Broadcast Group in a report on Wednesday. They set a “hold” rating on the stock.

Beasley Broadcast Group Price Performance

NASDAQ BBGI traded down $0.23 during trading on Thursday, hitting $7.89. 2,505 shares of the company’s stock traded hands, compared to its average volume of 4,490. The business’s fifty day moving average price is $8.80. Beasley Broadcast Group has a 12-month low of $7.60 and a 12-month high of $18.80. The firm has a market cap of $12.14 million, a price-to-earnings ratio of 4.72 and a beta of 0.85. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.60 and a current ratio of 1.60.

Beasley Broadcast Group (NASDAQ:BBGI) last released its quarterly earnings data on Tuesday, November 5th. The company reported ($2.33) earnings per share (EPS) for the quarter. Beasley Broadcast Group had a net margin of 1.07% and a negative return on equity of 5.12%. The firm had revenue of $58.19 million during the quarter, compared to analysts’ expectations of $61.10 million. During the same quarter in the previous year, the firm posted $1.80 EPS.

About Beasley Broadcast Group

Beasley Broadcast Group, Inc, a multi-platform media company, owns and operates radio stations in the United States. The company offers local and national advertisers integrated marketing solutions across audio, digital, and event platforms. It operates Houston Outlaws, an esports team that competes in the Overwatch League; and an esports team that competes in the Rocket League.