BGM Group Ltd. (NASDAQ:BGM) Sees Large Decrease in Short Interest

by · The Cerbat Gem

BGM Group Ltd. (NASDAQ:BGM – Get Free Report) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 8,247 shares, a decrease of 92.6% from the September 30th total of 112,147 shares. Based on an average trading volume of 11,701 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.2% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings cut BGM Group from a “sell (d)” rating to a “sell (e+)” rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, BGM Group currently has an average rating of “Sell”.

View Our Latest Report on BGM Group

BGM Group Price Performance

NASDAQ BGM traded up $0.55 on Monday, hitting $8.40. The company had a trading volume of 10,751 shares, compared to its average volume of 12,149. The company’s fifty day moving average price is $8.42 and its 200-day moving average price is $22.33. BGM Group has a 12-month low of $6.45 and a 12-month high of $302.40.

BGM Group (NASDAQ:BGM – Get Free Report) last posted its quarterly earnings data on Friday, August 28th. The company reported ($0.30) earnings per share (EPS) for the quarter. The business had revenue of $12.15 million for the quarter.

BGM Group Company Profile

(Get Free Report)

Qilian International Holding Group Limited manufactures and distributes active pharmaceutical ingredients (APIs), traditional Chinese medicine derivatives (TCMD), and other by-products in China. The company provides licorice products, including Gan Di Xin, an antitussive and expectorant medicine; Qilian Shan Licorice Extract, an ingredient for pharmaceutical companies to manufacture traditional licorice tablets; and Qilian Shan licorice liquid extract, a primary ingredient for medical preparation companies to produce compound licorice oral solutions.

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