Baosheng Media Group Holdings Limited (NASDAQ:BAOS) Sees Large Drop in Short Interest

Baosheng Media Group Holdings Limited (NASDAQ:BAOS) was the recipient of a significant drop in short interest in March. As of March 15th, there was short interest totalling 2,700 shares, a drop of 43.8% from the February 28th total of 4,800 shares. Based on an average daily volume of 1,310,000 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.3% of the shares of the stock are sold short.

Baosheng Media Group Price Performance

Baosheng Media Group stock traded down $0.11 during mid-day trading on Friday, reaching $2.31. 13,529 shares of the company’s stock traded hands, compared to its average volume of 358,562. Baosheng Media Group has a 12-month low of $1.44 and a 12-month high of $13.66. The stock has a 50 day moving average of $2.86 and a two-hundred day moving average of $2.56.

About Baosheng Media Group

Baosheng Media Group Holdings Limited operates as an online marketing solution provider in the People's Republic of China. It connects advertisers, online media, and helping advertisers to manage their online marketing activities in various ways, including advising on advertising strategies, budget, and choice of advertising channels; procures ad inventory; offers ad optimization services; and administrates and fine-tunes the ad placement process.