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

Grom Social Enterprises, Inc. (NASDAQ:GROM) saw a significant increase in short interest in June. As of June 15th, there was short interest totalling 118,500 shares, an increase of 9.5% from the May 31st total of 108,200 shares. Currently, 1.3% of the shares of the stock are sold short. Based on an average daily trading 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 acquired a new stake in Grom Social Enterprises, Inc. (NASDAQ:GROM) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 29,192 shares of the company’s stock, valued at approximately $33,000. Brookstone Capital Management owned approximately 1.48% of Grom Social Enterprises as of its most recent SEC filing. 15.94% of the stock is currently owned by institutional investors and hedge funds.

Grom Social Enterprises Trading Up 6.1 %

NASDAQ:GROM opened at $0.39 on Thursday. The stock has a market capitalization of $3.47 million, a P/E ratio of -0.03 and a beta of 1.50. Grom Social Enterprises has a 1 year low of $0.33 and a 1 year high of $9.00. The firm has a 50 day moving average of $0.51 and a 200-day moving average of $0.75.

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

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.