Short Interest in Beasley Broadcast Group, Inc. (NASDAQ:BBGI) Expands By 31.7%

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

Beasley Broadcast Group Stock Performance

Beasley Broadcast Group stock opened at $8.63 on Friday. The company has a market cap of $13.29 million, a price-to-earnings ratio of 5.17 and a beta of 0.85. Beasley Broadcast Group has a 52-week low of $7.60 and a 52-week high of $18.90. 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’s 50 day moving average price is $8.79.

Beasley Broadcast Group (NASDAQ:BBGI) last released its earnings results 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 analyst estimates of $61.10 million. During the same quarter in the previous year, the firm earned $1.80 EPS.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Beasley Broadcast Group in a research report on Monday, January 13th. They set a “hold” rating for the company.

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.