Airmedia Group Ads (NASDAQ:AMCN) Shorted Shares Increased 13.08% After Market Selling

The stock of Airmedia Group Ads (NASDAQ:AMCN) registered an increase of 13.08% in short interest. AMCN’s total short interest was 479,800 shares in April as published by FINRA. Its up 13.08% from 424,300 shares, reported previously. With 454,800 shares average volume, it will take short sellers 1 days to cover their AMCN’s short positions. The short interest to Airmedia Group Ads’s float is 1.49%. The stock closed at $5.56 during the last session. It is down 19.83% since September 9, 2015 and is uptrending. It has outperformed by 12.58% the S&P500.

AirMedia Group Inc. is engaged in operating out-of-home advertising platforms in China. The company has a market cap of $353.00 million. The Firm is engaged in selling advertising time slots on its network, primarily air travel advertising network, across the People’s Republic of China. It currently has negative earnings. The Firm offers advertising services at platforms, such as digital frames in airports, which include light emitting diodes (LEDs), digital television screens in airports and on airplanes, traditional media in airports, such as light boxes, billboards and painted advertisements, and gas station media displays and other outdoor media displays outside of the air travel advertising sector.

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