Short Interest in Gamehaus Holdings Inc. (NASDAQ:GMHS) Increases By 304.2%

Gamehaus Holdings Inc. (NASDAQ:GMHS) saw a large increase in short interest in 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. Based on an average daily volume of 5,586,804 shares, the short-interest ratio is currently 0.1 days. Currently, 0.9% of the shares of the stock are sold short.

Analysts Set New Price Targets

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

Gamehaus Stock Performance

GMHS remained flat at $1.01 during trading on Friday. The company had a trading volume of 91,679 shares, compared to its average volume of 3,198,914. The company has a 50-day moving average of $0.96 and a 200-day moving average of $0.98. The firm has a market capitalization of $54.10 million, a P/E ratio of 10.10 and a beta of 0.58. Gamehaus has a 1 year low of $0.68 and a 1 year high of $2.66.

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

Institutional Investors Weigh In On Gamehaus

A hedge fund recently bought a new stake in Gamehaus stock. Virtu Financial LLC acquired a new position in Gamehaus Holdings Inc. (NASDAQ:GMHS) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 27,250 shares of the company’s stock, valued at approximately $39,000. Virtu Financial LLC owned 0.05% of Gamehaus as of its most recent filing with the SEC. Hedge funds and other institutional investors own 63.69% of the company’s stock.

About Gamehaus

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