Grom Social Enterprises, Inc. (NASDAQ:GROM) Short Interest Update

Grom Social Enterprises, Inc. (NASDAQ:GROM) was the recipient of a significant 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. Based on an average trading volume of 95,900 shares, the short-interest ratio is currently 1.2 days. Currently, 1.3% of the shares of the company are sold short.

Grom Social Enterprises Trading Up 6.1 %

NASDAQ:GROM opened at $0.39 on Thursday. The stock has a 50 day moving average of $0.51 and a 200-day moving average of $0.75. The firm has a market capitalization of $3.47 million, a PE ratio of -0.03 and a beta of 1.50. 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 quarterly earnings data on Monday, May 20th. The company reported ($1.47) earnings per share (EPS) for the quarter. The company had revenue of $0.87 million for the quarter. Grom Social Enterprises had a negative net margin of 386.01% and a negative return on equity of 89.97%.

Hedge Funds Weigh In On Grom Social Enterprises

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) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 29,192 shares of the company’s stock, valued at approximately $33,000. Brookstone Capital Management owned about 1.48% of Grom Social Enterprises as of its most recent SEC filing. Institutional investors and hedge funds own 15.94% of the company’s stock.

About Grom Social Enterprises

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.