Dolphin Entertainment, Inc. (NASDAQ:DLPN) Short Interest Down 41.0% in January

Dolphin Entertainment, Inc. (NASDAQ:DLPN) was the recipient of a significant drop in short interest in January. As of January 30th, there was short interest totaling 13,339 shares, a drop of 41.0% from the January 15th total of 22,597 shares. Based on an average daily volume of 46,915 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are sold short. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 46,915 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Dolphin Entertainment

A hedge fund recently raised its stake in Dolphin Entertainment stock. Renaissance Technologies LLC lifted its holdings in Dolphin Entertainment, Inc. (NASDAQ:DLPN) by 25.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 47,400 shares of the company’s stock after purchasing 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. Hedge funds and other institutional investors own 8.87% of the company’s stock.

Dolphin Entertainment Stock Up 1.0%

Dolphin Entertainment stock traded up $0.02 during trading hours on Friday, hitting $1.54. The stock had a trading volume of 9,708 shares, compared to its average volume of 44,109. The stock’s 50-day moving average price is $1.57 and its 200-day moving average price is $1.46. Dolphin Entertainment has a 12-month low of $0.75 and a 12-month high of $1.88. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.89. The stock has a market capitalization of $18.60 million, a P/E ratio of -2.95 and a beta of 2.60.

Dolphin Entertainment (NASDAQ:DLPN) last announced its quarterly earnings data on Wednesday, November 12th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03. The company had revenue of $14.80 million during the quarter, compared to analyst estimates of $15.00 million. Dolphin Entertainment had a negative net margin of 11.37% and a negative return on equity of 65.09%.

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.