Grom Social Enterprises, Inc. (NASDAQ:GROM – Get Rating) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totalling 459,700 shares, an increase of 104.3% from the April 15th total of 225,000 shares. Based on an average daily trading volume, of 2,520,000 shares, the short-interest ratio is presently 0.2 days. Currently, 3.1% of the company’s shares are sold short.
Separately, UBS Group initiated coverage on Grom Social Enterprises in a research report on Thursday, January 13th. They set a “buy” rating on the stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC acquired a new stake in Grom Social Enterprises in the 4th quarter valued at approximately $25,000. State Street Corp acquired a new stake in Grom Social Enterprises in the 4th quarter valued at approximately $33,000. Finally, Geode Capital Management LLC acquired a new stake in Grom Social Enterprises in the 3rd quarter valued at approximately $264,000. 4.44% of the stock is currently owned by institutional investors.
Grom Social Enterprises Company Profile (Get Rating)
Grom Social Enterprises, Inc, through its subsidiaries, operates as a media, technology, and entertainment company that focuses on delivering content in the United States. The company operates a social media network for children under the age of 13 years. It also produces animated films and televisions series; and provides web filtering services to schools and government agencies, as well as develops, acquires, builds, grows, and maximizes the short, mid, and long-term commercial potential of kids and family entertainment properties and associated business opportunities.
- Get a free copy of the StockNews.com research report on Grom Social Enterprises (GROM)
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