Short Interest in Gamehaus Holdings Inc. (NASDAQ:GMHS) Declines By 27.6%

Key Points

• Short interest fell 27.6% in April to 120,483 shares (about 0.3% of shares outstanding), leaving a short-interest ratio of 5.8 days based on average daily volume.
• Analyst sentiment is negative — Weiss Ratings reiterated a Sell (d) and MarketBeat shows an average "Sell" rating — while Gamehaus reported $0.02 EPS on $26.3M revenue and the stock trades around $0.94 with a market cap near $50.1M.
• Hedge fund Virtu Financial bought a new stake of 27,250 shares (~$39,000), and institutional investors own roughly 63.69% of the company.

Gamehaus Holdings Inc. (NASDAQ:GMHS - Get Free Report) was the recipient of a large decrease in short interest during the month of April. As of April 15th, there was short interest totaling 120,483 shares, a decrease of 27.6% from the March 31st total of 166,331 shares. Based on an average daily volume of 20,626 shares, the short-interest ratio is presently 5.8 days. Currently, 0.3% of the company's stock are sold short.

Hedge Funds Weigh In On Gamehaus

A hedge fund recently bought a new stake in Gamehaus stock. Virtu Financial LLC purchased a new position in shares of Gamehaus Holdings Inc. (NASDAQ:GMHS - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 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 Securities and Exchange Commission. 63.69% of the stock is owned by institutional investors.

Gamehaus Stock Performance

GMHS stock traded down $0.02 during midday trading on Wednesday, reaching $0.94. The stock had a trading volume of 4,814 shares, compared to its average volume of 26,764. The stock has a market cap of $50.14 million, a PE ratio of 10.40 and a beta of 0.35. The firm has a fifty day simple moving average of $0.99 and a two-hundred day simple moving average of $1.04. Gamehaus has a 52-week low of $0.68 and a 52-week high of $2.66.

Gamehaus (NASDAQ:GMHS - Get Free Report) last issued its earnings results on Monday, March 23rd. The company reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $26.30 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a "sell (d)" rating on shares of Gamehaus in a report on Friday, April 24th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of "Sell".

About Gamehaus

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

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