Beasley Broadcast Group, Inc. (NASDAQ:BBGI) Short Interest Update

Beasley Broadcast Group, Inc. (NASDAQ:BBGI) was the target of a large increase in short interest during the month of 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 daily trading volume, of 6,600 shares, the short-interest ratio is presently 4.4 days. Approximately 4.2% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Beasley Broadcast Group in a research note on Wednesday. They issued a “hold” rating on the stock.

Beasley Broadcast Group Stock Down 2.8 %

NASDAQ:BBGI traded down $0.23 on Thursday, hitting $7.89. The stock had a trading volume of 2,505 shares, compared to its average volume of 4,490. The business has a 50-day moving average price of $8.80. Beasley Broadcast Group has a 52-week low of $7.60 and a 52-week high of $18.80. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.82. The stock has a market cap of $12.14 million, a PE ratio of 4.72 and a beta of 0.85.

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

Beasley Broadcast Group Company Profile

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.