Grom Social Enterprises, Inc. (NASDAQ:GROM – Get Rating) was the recipient of a large increase in short interest in 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 volume of 2,520,000 shares, the short-interest ratio is currently 0.2 days. Currently, 3.1% of the company’s stock are short sold.
Grom Social Enterprises stock traded up $0.01 during trading on Friday, reaching $0.57. 179,670 shares of the company’s stock were exchanged, compared to its average volume of 413,146. The company’s 50-day moving average is $0.93 and its two-hundred day moving average is $1.69. The company has a quick ratio of 1.67, a current ratio of 1.69 and a debt-to-equity ratio of 0.03. Grom Social Enterprises has a 52-week low of $0.54 and a 52-week high of $19.50.
A number of institutional investors have recently made changes to their positions in the stock. Citadel Advisors LLC purchased a new stake in Grom Social Enterprises during the 4th quarter worth $25,000. State Street Corp purchased a new stake in Grom Social Enterprises during the 4th quarter worth $33,000. Finally, Geode Capital Management LLC boosted its position in Grom Social Enterprises by 370.8% during the 4th quarter. Geode Capital Management LLC now owns 311,423 shares of the company’s stock worth $560,000 after purchasing an additional 245,277 shares during the period. 4.44% of the stock is owned by hedge funds and other institutional investors.
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.
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