Beasley Broadcast Group, Inc. (NASDAQ:BBGI) Sees Significant Decline in Short Interest

Beasley Broadcast Group, Inc. (NASDAQ:BBGIGet Free Report) was the recipient of a large drop in short interest in May. As of May 15th, there was short interest totalling 24,200 shares, a drop of 42.2% from the April 30th total of 41,900 shares. Based on an average trading volume of 20,900 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.3% of the company’s stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Beasley Broadcast Group stock. Mount Yale Investment Advisors LLC purchased a new position in shares of Beasley Broadcast Group, Inc. (NASDAQ:BBGIFree Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 44,000 shares of the company’s stock, valued at approximately $34,000. Mount Yale Investment Advisors LLC owned 0.15% of Beasley Broadcast Group as of its most recent SEC filing. 21.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, began coverage on shares of Beasley Broadcast Group in a research note on Sunday. They set a “hold” rating on the stock.

Get Our Latest Stock Report on Beasley Broadcast Group

Beasley Broadcast Group Price Performance

NASDAQ BBGI traded up $0.01 during trading on Wednesday, reaching $0.66. The company’s stock had a trading volume of 102 shares, compared to its average volume of 21,614. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 1.77. Beasley Broadcast Group has a twelve month low of $0.60 and a twelve month high of $1.28. The business’s fifty day moving average price is $0.73 and its 200-day moving average price is $0.80.

Beasley Broadcast Group Company Profile

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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.

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