Short Interest in Grom Social Enterprises, Inc. (NASDAQ:GROM) Expands By 9.5%

Grom Social Enterprises, Inc. (NASDAQ:GROM) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 118,500 shares, a growth of 9.5% from the May 31st total of 108,200 shares. Currently, 1.3% of the shares of the company are short sold. Based on an average daily volume of 95,900 shares, the short-interest ratio is currently 1.2 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Grom Social Enterprises stock. Brookstone Capital Management purchased a new stake in shares of Grom Social Enterprises, Inc. (NASDAQ:GROM) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 29,192 shares of the company’s stock, valued at approximately $33,000. Brookstone Capital Management owned 1.48% of Grom Social Enterprises at the end of the most recent quarter. Hedge funds and other institutional investors own 15.94% of the company’s stock.

Grom Social Enterprises Stock Performance

Shares of GROM stock opened at $0.39 on Tuesday. The stock’s 50-day moving average price is $0.52 and its 200 day moving average price is $0.76. Grom Social Enterprises has a 52-week low of $0.33 and a 52-week high of $9.00.

Grom Social Enterprises (NASDAQ:GROM) last released its earnings results on Monday, May 20th. The company reported ($1.47) earnings per share (EPS) for the quarter. The business had revenue of $0.87 million for the quarter. Grom Social Enterprises had a negative return on equity of 89.97% and a negative net margin of 386.01%.

Grom Social Enterprises Company Profile

Grom Social Enterprises, Inc, through its subsidiaries, operates as a media, technology, and entertainment company in the United States and Philippines. It operates through three segments: Animation, Original Content, and Social and Technology. The company operates a social media network for children under the age of 13 years.