Short Interest in Beasley Broadcast Group, Inc. (NASDAQ:BBGI) Rises By 5.4%

Beasley Broadcast Group, Inc. (NASDAQ:BBGI) saw a large growth in short interest in May. As of May 31st, there was short interest totalling 25,500 shares, a growth of 5.4% from the May 15th total of 24,200 shares. Based on an average trading volume of 20,700 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.3% of the shares of the company are short sold.

Beasley Broadcast Group Stock Down 3.7 %

Shares of BBGI stock opened at $0.66 on Wednesday. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.92 and a quick ratio of 1.92. Beasley Broadcast Group has a one year low of $0.60 and a one year high of $1.28. The company’s fifty day moving average price is $0.70 and its 200-day moving average price is $0.79. The company has a market capitalization of $19.87 million, a price-to-earnings ratio of -0.27 and a beta of 1.00.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Beasley Broadcast Group in a report on Wednesday. They set a “hold” rating on the stock.

Institutional Investors Weigh In On Beasley Broadcast Group

A hedge fund recently bought a new stake in Beasley Broadcast Group stock. Mount Yale Investment Advisors LLC acquired a new position in Beasley Broadcast Group, Inc. (NASDAQ:BBGI) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 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 as of its most recent SEC filing. 21.73% of the stock is owned by institutional investors.

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.