Dolphin Entertainment, Inc. (NASDAQ:DLPN) Short Interest Update

Dolphin Entertainment, Inc. (NASDAQ:DLPN) was the recipient of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 29,624 shares, a decline of 34.8% from the May 31st total of 45,403 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily volume of 24,713 shares, the days-to-cover ratio is currently 1.2 days.

Hedge Funds Weigh In On Dolphin Entertainment

An institutional investor recently raised its position in Dolphin Entertainment stock. Renaissance Technologies LLC grew its stake in shares of Dolphin Entertainment, Inc. (NASDAQ:DLPN) by 25.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,400 shares of the company’s stock after purchasing an additional 9,500 shares during the quarter. Renaissance Technologies LLC owned approximately 0.39% of Dolphin Entertainment worth $74,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 8.87% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Dolphin Entertainment from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Dolphin Entertainment presently has a consensus rating of “Sell”.

Dolphin Entertainment Stock Performance

Dolphin Entertainment stock opened at $1.13 on Thursday. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.73 and a quick ratio of 0.73. Dolphin Entertainment has a 1-year low of $0.99 and a 1-year high of $1.88. The firm has a market capitalization of $14.71 million, a P/E ratio of -3.90 and a beta of 1.88. The company’s 50-day moving average is $1.25 and its 200 day moving average is $1.46.

Dolphin Entertainment (NASDAQ:DLPN) last announced its earnings results on Tuesday, May 12th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.12). The business had revenue of $12.80 million for the quarter, compared to analysts’ expectations of $13.60 million. Dolphin Entertainment had a negative net margin of 6.02% and a negative return on equity of 41.42%.

Dolphin Entertainment Company Profile

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.