Grom Social Enterprises Inc. (NASDAQ:GROM) shares are trading higher Thursday, despite a lack of company-specific news. Here’s a look at what’s going on:
What To Know:
Shares of GROM are moving Thursday on very heavy trading volume. According to data from Benzinga Pro, more than xx shares have already been traded in the session, compared to the stock’s 100-day average of just over 268 thousand shares.
Grom Social Enterprises, Inc. is a media, technology and entertainment company focused on delivering content to children under the age of 13 years through a secure platform that can be monitored by parents or guardians.
Grom Social Enterprises’ shares have garnered the attention of short-sellers and retail investors alike. GROM is one of the top trending tickers on Yahoo! Finance, and 11.85% of shares are being sold short, according to data from Benzinga Pro.
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GROM Price Action: According to Benzinga Pro, GROM shares are up 25% at $2.19 at the time of publication.
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