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

Dolphin Entertainment, Inc. (NASDAQ:DLPN) saw a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 13,339 shares, a decrease of 41.0% from the January 15th total of 22,597 shares. Based on an average daily volume of 46,915 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 46,915 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Dolphin Entertainment

An institutional investor recently raised its position in Dolphin Entertainment stock. Renaissance Technologies LLC boosted its position in shares of Dolphin Entertainment, Inc. (NASDAQ:DLPN) by 25.1% in the 4th quarter, according to its most recent 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 about 0.39% of Dolphin Entertainment worth $74,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 8.87% of the company’s stock.

Analyst Ratings Changes

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

Dolphin Entertainment Price Performance

NASDAQ DLPN traded down $0.05 on Friday, hitting $1.47. 13,519 shares of the company were exchanged, compared to its average volume of 39,418. Dolphin Entertainment has a 1-year low of $0.75 and a 1-year high of $1.88. The firm has a 50 day moving average of $1.57 and a two-hundred day moving average of $1.46. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.89. The company has a market cap of $17.82 million, a P/E ratio of -2.83 and a beta of 2.60.

Dolphin Entertainment (NASDAQ:DLPN) last released its quarterly earnings results on Wednesday, November 12th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.03. Dolphin Entertainment had a negative net margin of 11.37% and a negative return on equity of 65.09%. The business had revenue of $14.80 million for the quarter, compared to analysts’ expectations of $15.00 million.

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.