Dolphin Entertainment, Inc. (NASDAQ:DLPN) Short Interest Up 342.3% in February

Dolphin Entertainment, Inc. (NASDAQ:DLPN) saw a significant growth in short interest in February. As of February 27th, there was short interest totaling 32,331 shares, a growth of 342.3% from the February 12th total of 7,309 shares. Based on an average trading volume of 58,622 shares, the short-interest ratio is presently 0.6 days. Approximately 0.3% of the company’s shares are short sold. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 58,622 shares, the short-interest ratio is presently 0.6 days.

Dolphin Entertainment Stock Performance

Shares of DLPN stock traded down $0.03 on Thursday, hitting $1.56. The stock had a trading volume of 4,923 shares, compared to its average volume of 36,070. Dolphin Entertainment has a 52-week low of $0.75 and a 52-week high of $1.88. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.82 and a quick ratio of 0.82. The stock’s 50 day moving average is $1.61 and its 200-day moving average is $1.52.

Institutional Investors Weigh In On Dolphin Entertainment

A hedge fund recently raised its stake in Dolphin Entertainment stock. Renaissance Technologies LLC boosted its holdings in Dolphin Entertainment, Inc. (NASDAQ:DLPN) by 25.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,400 shares of the company’s stock after acquiring an additional 9,500 shares during the quarter. Renaissance Technologies LLC owned 0.39% of Dolphin Entertainment worth $74,000 at the end of the most recent quarter. 8.87% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Dolphin Entertainment in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Dolphin Entertainment presently has a consensus rating of “Sell”.

About Dolphin Entertainment

Dolphin Entertainment, Inc, together with its subsidiaries, operates as an independent entertainment marketing and production company in the United States. The company operates in two segments, Entertainment Publicity, and Marketing and Content Production. The Entertainment Publicity and Marketing segment provides diversified marketing services, including public relations, entertainment and hospitality content marketing, strategic communications, strategic marketing consulting, social media and influencer marketing, digital marketing, creative branding, talent publicity, and entertainment marketing services, as well as produces promotional video content.