Could Airmedia Group Inc – American Depositary Shares E (NASDAQ:AMCN) Change Direction After More Shorts?

April 17, 2018 - By Max Morgan

The stock of Airmedia Group Inc – American Depositary Shares E (NASDAQ:AMCN) registered an increase of 37.69% in short interest. AMCN’s total short interest was 482,600 shares in April as published by FINRA. Its up 37.69% from 350,500 shares, reported previously. With 573,100 shares average volume, it will take short sellers 1 days to cover their AMCN’s short positions. The short interest to Airmedia Group Inc – American Depositary Shares E’s float is 1.31%.

The stock increased 0.43% or $0.0032 during the last trading session, reaching $0.7532. About 117,166 shares traded. AirMedia Group Inc. (NASDAQ:AMCN) has declined 69.05% since April 17, 2017 and is downtrending. It has underperformed by 80.60% the S&P500.

AirMedia Group Inc. operates out-of-home advertising platforms primarily in the People's Republic of China. The company has market cap of $47.31 million. The firm operates a network of digital TV screens on planes operated by 6 airlines; and gas station media network, as well as other outdoor media advertising platforms in gas stations. It currently has negative earnings. It also displays non-advertising content, such as weather, sports, and comedy clips; and TV programs, including documentaries and hidden camera type reality shows from other third-party content providers, as well as offers in-flight advertising and non-advertising content.

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