Today Beasley Broadcast Group Class A (NASDAQ:BBGI) Reported Increase in Shorted Shares

December 8, 2017 - By Linda Rogers

 Today Beasley Broadcast Group Class A (NASDAQ:BBGI) Reported Increase in Shorted Shares

Investors sentiment decreased to 2.36 in 2017 Q2. Its down 0.07, from 2.43 in 2017Q1. It turned negative, as 5 investors sold Beasley Broadcast Group, Inc. shares while 6 reduced holdings. 14 funds opened positions while 12 raised stakes. 4.10 million shares or 10.83% more from 3.70 million shares in 2017Q1 were reported.
State Of New Jersey Common Pension Fund D, New Jersey-based fund reported 284,000 shares. Bridgeway Cap Mngmt Incorporated has invested 0.01% in Beasley Broadcast Group, Inc. (NASDAQ:BBGI). Barclays Plc stated it has 0% of its portfolio in Beasley Broadcast Group, Inc. (NASDAQ:BBGI). Manufacturers Life Insur Company The owns 109 shares or 0% of their US portfolio. Renaissance Tech Ltd Liability Co owns 177,900 shares or 0% of their US portfolio. New York-based Blackrock Inc has invested 0% in Beasley Broadcast Group, Inc. (NASDAQ:BBGI). 19,997 were accumulated by Geode Cap Mngmt Lc. Panagora Asset reported 3,917 shares. Citigroup stated it has 34 shares or 0% of all its holdings. California State Teachers Retirement System holds 8,600 shares. International Group Inc reported 0% in Beasley Broadcast Group, Inc. (NASDAQ:BBGI). Morgan Stanley, New York-based fund reported 5,205 shares. Rbf Capital Ltd Liability Corp has 0.04% invested in Beasley Broadcast Group, Inc. (NASDAQ:BBGI) for 32,469 shares. Gamco Invsts Incorporated Et Al holds 1.33 million shares. 40,800 were accumulated by Bank & Trust Of America De.

Since June 12, 2017, it had 1 buying transaction, and 0 sales for $10,550 activity.

The stock of Beasley Broadcast Group Class A (NASDAQ:BBGI) registered an increase of 1.5% in short interest. BBGI’s total short interest was 587,000 shares in December as published by FINRA. Its up 1.5% from 578,300 shares, reported previously. With 20,700 shares average volume, it will take short sellers 28 days to cover their BBGI’s short positions. The short interest to Beasley Broadcast Group Class A’s float is 12.69%.

The stock increased 4.13% or $0.45 during the last trading session, reaching $11.35. About 12,203 shares traded. Beasley Broadcast Group, Inc. (NASDAQ:BBGI) has risen 95.80% since December 8, 2016 and is uptrending. It has outperformed by 79.10% the S&P500.

Beasley Broadcast Group, Inc., a radio broadcasting company, operates radio stations in the United States. The company has market cap of $326.73 million. As of March 21, 2017, it owned and operated 63 stations, including 45 FM and 18 AM stations located in 15 large- and mid-size markets. It has a 5.29 P/E ratio.

More notable recent Beasley Broadcast Group, Inc. (NASDAQ:BBGI) news were published by: Seekingalpha.com which released: “Beasley Broadcast Group: Overstating Intangible Assets?” on April 03, 2017, also Globenewswire.com with their article: “Beasley Broadcast Group to Acquire Greater Media, Inc.” published on July 19, 2016, Marketwatch.com published: “Beasley Broadcast Group Inc. Cl A” on December 21, 2009. More interesting news about Beasley Broadcast Group, Inc. (NASDAQ:BBGI) were released by: Seekingalpha.com and their article: “Beasley Broadcast Group’s (BBGI) CEO Caroline Beasley on Q3 2017 Results …” published on October 30, 2017 as well as Globenewswire.com‘s news article titled: “Beasley Broadcast Group Enters Into Asset Exchange Agreement With Entercom …” with publication date: November 01, 2017.

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