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

Dolphin Entertainment, Inc. (NASDAQ:DLPN) was the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 7,900 shares, a growth of 1,875.0% from the March 31st total of 400 shares. Based on an average trading volume of 44,900 shares, the short-interest ratio is presently 0.2 days.

Dolphin Entertainment Price Performance

Shares of DLPN stock opened at $1.20 on Friday. Dolphin Entertainment has a 52-week low of $0.96 and a 52-week high of $2.48. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market capitalization of $22.38 million, a P/E ratio of -0.73 and a beta of 1.97. The stock has a 50 day moving average price of $1.28 and a 200 day moving average price of $1.49.

Dolphin Entertainment (NASDAQ:DLPN) last issued its quarterly earnings results on Thursday, March 28th. The company reported ($0.54) earnings per share (EPS) for the quarter. The business had revenue of $12.02 million for the quarter. Dolphin Entertainment had a negative return on equity of 71.01% and a negative net margin of 56.56%.

Institutional Investors Weigh In On Dolphin Entertainment

An institutional investor recently bought a new position in Dolphin Entertainment stock. Hohimer Wealth Management LLC acquired a new position in shares of Dolphin Entertainment, Inc. (NASDAQ:DLPN) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 600,000 shares of the company’s stock, valued at approximately $1,026,000. Hohimer Wealth Management LLC owned about 3.31% of Dolphin Entertainment at the end of the most recent reporting period. 8.87% of the stock is owned by hedge funds and other institutional investors.

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.