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

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. Based on an average daily trading volume, of 20,700 shares, the short-interest ratio is presently 1.2 days. Approximately 0.3% of the shares of the stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Beasley Broadcast Group stock. Mount Yale Investment Advisors LLC purchased a new stake in shares of Beasley Broadcast Group, Inc. (NASDAQ:BBGI) in the 1st quarter, according to the company in its most recent disclosure 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 about 0.15% of Beasley Broadcast Group as of its most recent filing with the Securities & Exchange Commission. 21.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Beasley Broadcast Group Stock Down 3.2 %

Shares of NASDAQ:BBGI traded down $0.02 during midday trading on Tuesday, hitting $0.61. The stock had a trading volume of 27,299 shares, compared to its average volume of 20,128. 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 business’s 50-day simple moving average is $0.68 and its 200-day simple moving average is $0.78. The company has a market cap of $18.51 million, a P/E ratio of -0.26 and a beta of 1.00. Beasley Broadcast Group has a 12 month low of $0.60 and a 12 month high of $1.28.

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.