Gamehaus Holdings Inc. (NASDAQ:GMHS) Sees Large Drop in Short Interest

Gamehaus Holdings Inc. (NASDAQ:GMHS) saw a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 181,818 shares, a decrease of 13.1% from the February 26th total of 209,135 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 20,247 shares, the short-interest ratio is presently 9.0 days.

Institutional Trading of Gamehaus

An institutional investor recently bought a new position in Gamehaus stock. Virtu Financial LLC acquired a new stake in shares of Gamehaus Holdings Inc. (NASDAQ:GMHS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 27,250 shares of the company’s stock, valued at approximately $39,000. Virtu Financial LLC owned about 0.05% of Gamehaus as of its most recent SEC filing. Institutional investors own 63.69% of the company’s stock.

Gamehaus Price Performance

GMHS stock opened at $0.97 on Tuesday. Gamehaus has a 1-year low of $0.80 and a 1-year high of $2.66. The business has a 50 day simple moving average of $1.01 and a two-hundred day simple moving average of $1.11. The company has a market capitalization of $51.91 million, a price-to-earnings ratio of 13.84 and a beta of 0.19.

Gamehaus (NASDAQ:GMHS) last released its quarterly earnings data on Monday, March 23rd. The company reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $26.30 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Gamehaus in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Gamehaus currently has an average rating of “Sell”.

Gamehaus Company Profile

Gamehaus Holdings Inc is a mobile game developer and publisher. Gamehaus Holdings Inc is headquartered in Beijing, China.