Dolphin Entertainment, Inc. (NASDAQ:DLPN) Sees Large Drop in Short Interest

Dolphin Entertainment, Inc. (NASDAQ:DLPN) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 13,648 shares, a decrease of 56.6% from the July 15th total of 31,477 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 9,251 shares, the days-to-cover ratio is presently 1.5 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Dolphin Entertainment stock. Renaissance Technologies LLC raised its stake in Dolphin Entertainment, Inc. (NASDAQ:DLPN) by 25.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 approximately 0.39% of Dolphin Entertainment worth $74,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 8.87% of the company’s stock.

Analyst Ratings Changes

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

Dolphin Entertainment Stock Down 2.0%

DLPN stock traded down $0.03 during midday trading on Friday, hitting $1.20. The company’s stock had a trading volume of 5,439 shares, compared to its average volume of 15,104. The company’s fifty day moving average price is $1.11 and its 200 day moving average price is $1.36. The company has a debt-to-equity ratio of 2.37, a current ratio of 0.77 and a quick ratio of 0.73. Dolphin Entertainment has a twelve month low of $0.99 and a twelve month high of $1.88. The stock has a market capitalization of $15.57 million, a P/E ratio of -4.12 and a beta of 1.90.

Dolphin Entertainment (NASDAQ:DLPN) last posted its quarterly earnings data on Wednesday, August 12th. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.09. The company had revenue of $14.44 million during the quarter, compared to the consensus estimate of $14.50 million. Dolphin Entertainment had a negative net margin of 6.31% and a negative return on equity of 21.68%.

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.