The stock of Airmedia Group Ads (NASDAQ:AMCN) registered a decrease of 32.19% in short interest. AMCN’s total short interest was 320,000 shares in September as published by FINRA. Its down 32.19% from 471,900 shares, reported previously. With 213,000 shares average volume, it will take short sellers 2 days to cover their AMCN’s short positions. The short interest to Airmedia Group Ads’s float is 0.91%. The stock decreased 0.34% or $0.01 during the last trading session, hitting $2.92. About 124,678 shares traded hands. AirMedia Group Inc (ADR) (NASDAQ:AMCN) has declined 43.55% since February 8, 2016 and is downtrending. It has underperformed by 60.03% the S&P500.
AirMedia Group Inc. is an operator of out-of-home advertising platforms in China. The company has a market cap of $184.73 million. The Firm is engaged in selling advertising time slots on its network, primarily air travel advertising network. It currently has negative earnings. It holds concession rights to install and operate wireless fidelity systems on trains administered by over eight regional railway administrative bureaus in China.
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