Chicken Soup for the Soul Entertainment, Inc. (NASDAQ:CSSE) Sees Large Decline in Short Interest

Chicken Soup for the Soul Entertainment, Inc. (NASDAQ:CSSE) was the target of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 529,600 shares, a decline of 5.8% from the March 15th total of 562,200 shares. Based on an average daily trading volume, of 200,000 shares, the short-interest ratio is currently 2.6 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Fortitude Family Office LLC bought a new stake in Chicken Soup for the Soul Entertainment in the 4th quarter valued at about $29,000. XTX Topco Ltd bought a new stake in Chicken Soup for the Soul Entertainment in the 1st quarter valued at about $41,000. Advisor Group Holdings Inc. lifted its position in Chicken Soup for the Soul Entertainment by 740.9% in the 1st quarter. Advisor Group Holdings Inc. now owns 5,239 shares of the company’s stock valued at $42,000 after purchasing an additional 4,616 shares during the last quarter. Susquehanna International Group LLP lifted its position in Chicken Soup for the Soul Entertainment by 175.3% in the 1st quarter. Susquehanna International Group LLP now owns 25,837 shares of the company’s stock valued at $52,000 after purchasing an additional 60,160 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in Chicken Soup for the Soul Entertainment in the 2nd quarter valued at about $110,000. 7.39% of the stock is owned by institutional investors and hedge funds.

Chicken Soup for the Soul Entertainment Stock Performance

NASDAQ CSSE opened at $0.15 on Wednesday. Chicken Soup for the Soul Entertainment has a one year low of $0.13 and a one year high of $2.44. The company has a 50-day simple moving average of $0.17 and a 200-day simple moving average of $0.24. The firm has a market capitalization of $4.84 million, a PE ratio of -0.01 and a beta of 1.20.

Chicken Soup for the Soul Entertainment Company Profile

Chicken Soup for the Soul Entertainment, Inc operates as a streaming video-on-demand (VOD) company in the United States and internationally. It owns and operates various ad-supported and subscription-based VOD networks, including Crackle, Chicken Soup for the Soul, Popcornflix, Popcornflix Kids, Truli, Pivotshare, Popcornflix Comedy, Españolflix, and FrightPix.