November 24, 2016 - By Vivian Park · 0 Comments
The stock of Airmedia Group Ads (NASDAQ:AMCN) registered a decrease of 23.5% in short interest. AMCN’s total short interest was 296,600 shares in November as published by FINRA. Its down 23.5% from 387,700 shares, reported previously. With 71,600 shares average volume, it will take short sellers 4 days to cover their AMCN’s short positions. The short interest to Airmedia Group Ads’s float is 1.1%. The stock decreased 0.32% or $0.01 on November 23, hitting $3.08. About 154,930 shares traded hands or 85.66% up from the average. AirMedia Group Inc (ADR) (NASDAQ:AMCN) has declined 42.26% since April 22, 2016 and is downtrending. It has underperformed by 47.67% the S&P500.
AirMedia Group Inc. is an operator of out-of-home advertising platforms in China. The company has a market cap of $193.48 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.
AirMedia Group Inc., incorporated on April 12, 2007, is an operator of out-of-home advertising platforms in China. The Firm is engaged in selling advertising time slots on its network, primarily air travel advertising network, across the People’s Republic of China. The Firm holds concession rights to install and operate wireless fidelity (Wi-Fi) systems on trains administered by over eight regional railway administrative bureaus in China. It also holds concession rights to install and operate Wi-Fi systems on various long-haul buses in China. The Firm operates approximately 71,900 digital television screens on airplanes operated by over five airlines, including Air China, China Eastern Airlines, China Southern Airlines, Shanghai Airlines and Xiamen Airlines. It also holds concession rights to operate the advertising media platforms at Sinopec gas stations across China. It provides in-flight advertising and non-advertising contents.
More notable recent AirMedia Group Inc (ADR) (NASDAQ:AMCN) news were published by: Businessfinancenews.com which released: “Alibaba Group Holding Ltd, JD.Com Inc (ADR) and Other Chinese Stocks Are Up …” on July 09, 2015, also Benzinga.com with their article: “Daily Movers: AirMedia Soars; Uranium Energy Under Investigation” published on June 19, 2015, Benzinga.com published: “18 Stocks Moving In Tuesday’s Pre-Market Session” on September 20, 2016. More interesting news about AirMedia Group Inc (ADR) (NASDAQ:AMCN) were released by: Zacks.com and their article: “AirMedia Tumbles on News of 75% Stake Sale in Advertising” published on June 16, 2015 as well as Zacks.com‘s news article titled: “Cintas (CTAS) Acquires ZEE Medical for $130M” with publication date: August 03, 2015.
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By Vivian Park