Beasley Broadcast Group, Inc. (NASDAQ:BBGI) Short Interest Update

Beasley Broadcast Group, Inc. (NASDAQ:BBGI) was the target of a significant decrease in short interest in 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 short-interest ratio is presently 1.2 days. Currently, 0.3% of the shares of the company are short sold.

Beasley Broadcast Group Stock Up 6.4 %

NASDAQ BBGI opened at $0.65 on Thursday. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 1.77. The company has a market cap of $19.69 million, a price-to-earnings ratio of -0.27 and a beta of 1.00. The company has a 50 day moving average of $0.68 and a 200-day moving average of $0.78. Beasley Broadcast Group has a 1-year low of $0.60 and a 1-year high of $1.28.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Beasley Broadcast Group in a research note on Thursday, June 27th. They issued a “hold” rating for the company.

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 shares of Beasley Broadcast Group, Inc. (NASDAQ:BBGI) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 44,000 shares of the company’s stock, valued at approximately $34,000. Mount Yale Investment Advisors LLC owned approximately 0.15% of Beasley Broadcast Group as of its most recent filing with the SEC. 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.