Short Interest in Dolphin Entertainment, Inc. (NASDAQ:DLPN) Expands By 118.3%

Dolphin Entertainment, Inc. (NASDAQ:DLPN) saw a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 29,794 shares, an increase of 118.3% from the July 30th total of 13,648 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 21,818 shares, the days-to-cover ratio is currently 1.4 days.

Dolphin Entertainment Trading Down 6.8%

Shares of DLPN traded down $0.08 on Friday, hitting $1.10. 8,838 shares of the stock traded hands, compared to its average volume of 14,107. Dolphin Entertainment has a 1 year low of $1.02 and a 1 year high of $1.88. The stock’s 50 day moving average is $1.12 and its two-hundred day moving average is $1.32. The firm has a market capitalization of $14.33 million, a P/E ratio of -3.79 and a beta of 1.90. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.37.

Dolphin Entertainment (NASDAQ:DLPN) last released its earnings results on Wednesday, August 12th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.09. The firm had revenue of $14.44 million during the quarter, compared to analyst estimates of $14.50 million. Dolphin Entertainment had a negative return on equity of 21.68% and a negative net margin of 6.31%. As a group, sell-side analysts predict that Dolphin Entertainment will post -0.35 earnings per share for the current year.

Institutional Trading of 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 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing. Hedge funds and other institutional investors own 8.87% of the company’s stock.

Analyst Upgrades and Downgrades

DLPN has been the subject of several recent analyst reports. Zacks Research upgraded shares of Dolphin Entertainment to a “hold” rating in a research note on Friday, August 14th. Weiss Ratings upgraded shares of Dolphin Entertainment from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Dolphin Entertainment has an average rating of “Reduce”.

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.