Time to Reconsider Airmedia Group Inc – American Depositary Shares E (NASDAQ:AMCN) After Less Short Sellers?

June 17, 2018 - By Henry Gaston

The stock of Airmedia Group Inc – American Depositary Shares E (NASDAQ:AMCN) registered a decrease of 14.29% in short interest. AMCN’s total short interest was 319,000 shares in June as published by FINRA. Its down 14.29% from 372,200 shares, reported previously. With 156,200 shares average volume, it will take short sellers 2 days to cover their AMCN’s short positions. The short interest to Airmedia Group Inc – American Depositary Shares E’s float is 0.87%.

The stock decreased 2.47% or $0.02 during the last trading session, reaching $0.71. About 78,723 shares traded. AirMedia Group Inc. (NASDAQ:AMCN) has declined 62.30% since June 17, 2017 and is downtrending. It has underperformed by 74.87% 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 $44.60 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: