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

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

Gamehaus Price Performance

GMHS remained flat at $1.01 on Friday. 91,679 shares of the company were exchanged, compared to its average volume of 3,198,914. The stock has a market cap of $54.10 million, a P/E ratio of 10.10 and a beta of 0.58. The firm has a 50 day moving average of $0.96 and a two-hundred day moving average of $0.98. Gamehaus has a 12-month low of $0.68 and a 12-month high of $2.66.

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

Analysts Set New Price Targets

Separately, Weiss Ratings raised 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, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Gamehaus stock. Virtu Financial LLC bought a new position in shares of Gamehaus Holdings Inc. (NASDAQ:GMHS) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 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 SEC filing. 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.