Short Interest in Beasley Broadcast Group, Inc. (NASDAQ:BBGI) Decreases By 5.9%

Beasley Broadcast Group, Inc. (NASDAQ:BBGI) was the recipient of a significant decline in short interest in June. As of June 15th, there was short interest totalling 24,000 shares, a decline of 5.9% from the May 31st total of 25,500 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 20,700 shares, the short-interest ratio is presently 1.2 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Beasley Broadcast Group in a research report on Thursday, June 27th. They issued a “hold” rating on the stock.

Hedge Funds Weigh In On Beasley Broadcast Group

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

Beasley Broadcast Group Price Performance

NASDAQ:BBGI traded up $0.04 on Wednesday, reaching $0.65. The stock had a trading volume of 10,026 shares, compared to its average volume of 20,052. The company has a market capitalization of $19.69 million, a P/E ratio of -0.27 and a beta of 1.00. Beasley Broadcast Group has a 1-year low of $0.60 and a 1-year high of $1.28. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.77. The stock has a fifty day moving average price of $0.68 and a 200-day moving average price of $0.78.

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.