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

Beasley Broadcast Group, Inc. (NASDAQ:BBGI) was the target of a large growth in short interest in 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 currently 4.4 days. Currently, 4.2% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Beasley Broadcast Group in a research note on Monday. They issued a “hold” rating for the company.

Beasley Broadcast Group Trading Down 2.7 %

NASDAQ:BBGI traded down $0.25 during mid-day trading on Thursday, reaching $8.72. The company’s stock had a trading volume of 19,884 shares, compared to its average volume of 5,188. 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 capitalization of $13.42 million, a PE ratio of 5.22 and a beta of 0.85. The firm’s fifty day simple moving average is $8.79. Beasley Broadcast Group has a 12-month low of $7.60 and a 12-month high of $19.00.

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

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.