Gamehaus Holdings Inc. (NASDAQ:GMHS) Short Interest Up 304.2% in June

Gamehaus Holdings Inc. (NASDAQ:GMHS) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 357,207 shares, an increase of 304.2% from the May 31st total of 88,375 shares. Currently, 0.9% of the shares of the company are sold short. Based on an average daily trading volume, of 5,586,804 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Gamehaus

A hedge fund recently bought a new stake in Gamehaus stock. Virtu Financial LLC acquired a new stake in shares of Gamehaus Holdings Inc. (NASDAQ:GMHS) in the third quarter, according to the company in its most recent filing with the SEC. The firm 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 filing with the SEC. Institutional investors and hedge funds own 63.69% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Gamehaus from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, June 16th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Gamehaus has an average rating of “Sell”.

Gamehaus Price Performance

GMHS traded down $0.07 during trading on Monday, reaching $0.94. 3,640 shares of the company’s stock were exchanged, compared to its average volume of 548,898. Gamehaus has a 1 year low of $0.68 and a 1 year high of $2.66. The stock has a market capitalization of $50.30 million, a P/E ratio of 9.39 and a beta of 0.59. The company’s fifty day simple moving average is $0.96 and its 200-day simple moving average is $0.98.

Gamehaus (NASDAQ:GMHS) last released its quarterly earnings data on Monday, June 8th. The company reported $0.01 EPS for the quarter. The business had revenue of $26.22 million for the quarter. Gamehaus had a net margin of 4.52% and a return on equity of 14.41%. During the same period last year, the company earned $0.01 earnings per share.

About Gamehaus

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