Grom Social Enterprises, Inc. (NASDAQ:GROM) Short Interest Up 241.3% in March

Grom Social Enterprises, Inc. (NASDAQ:GROM) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 123,900 shares, an increase of 241.3% from the February 29th total of 36,300 shares. Based on an average trading volume of 771,800 shares, the days-to-cover ratio is presently 0.2 days. Approximately 6.9% of the shares of the stock are sold short.

Grom Social Enterprises Stock Down 2.9 %

NASDAQ GROM traded down $0.02 on Thursday, hitting $0.80. 11,414 shares of the company’s stock were exchanged, compared to its average volume of 706,515. Grom Social Enterprises has a 52 week low of $0.69 and a 52 week high of $14.00. The stock has a 50-day moving average of $0.85 and a 200-day moving average of $1.15.

Hedge Funds Weigh In On Grom Social Enterprises

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brookstone Capital Management acquired a new stake in Grom Social Enterprises during the 4th quarter valued at approximately $33,000. Hudson Bay Capital Management LP acquired a new position in Grom Social Enterprises in the first quarter valued at approximately $206,000. Finally, Virtu Financial LLC increased its stake in shares of Grom Social Enterprises by 33.4% in the 2nd quarter. Virtu Financial LLC now owns 94,940 shares of the company’s stock valued at $39,000 after acquiring an additional 23,752 shares in the last quarter. 15.94% of the stock is currently owned by institutional investors and hedge funds.

About Grom Social Enterprises

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 acquires, develops, and builds commercial potential of kids and family entertainment properties and associated business opportunities.