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 decrease in short interest in the month of June. As of June 15th, there was short interest totalling 24,000 shares, a decrease of 5.9% from the May 31st total of 25,500 shares. Based on an average trading volume of 20,700 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.3% of the shares of the company are sold short.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Beasley Broadcast Group

An institutional investor recently bought a new position in Beasley Broadcast Group stock. Mount Yale Investment Advisors LLC purchased a new stake in Beasley Broadcast Group, Inc. (NASDAQ:BBGI) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent quarter. Institutional investors own 21.73% of the company’s stock.

Beasley Broadcast Group Stock Performance

BBGI traded up $0.04 on Wednesday, hitting $0.65. 10,026 shares of the company’s stock were exchanged, compared to its average volume of 20,052. The firm has a market cap of $19.69 million, a PE ratio of -0.27 and a beta of 1.00. Beasley Broadcast Group has a twelve month low of $0.60 and a twelve month high of $1.28. The stock has a fifty day moving average of $0.68 and a two-hundred day moving average of $0.78. 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 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.