Chicken Soup for the Soul Entertainment, Inc. (NASDAQ:CSSE) Short Interest Update

Chicken Soup for the Soul Entertainment, Inc. (NASDAQ:CSSE) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 625,500 shares, an increase of 12.0% from the May 31st total of 558,400 shares. Based on an average daily trading volume, of 5,120,000 shares, the short-interest ratio is currently 0.1 days.

Chicken Soup for the Soul Entertainment Stock Performance

CSSE traded down $0.01 on Wednesday, reaching $0.11. The company had a trading volume of 28,560,870 shares, compared to its average volume of 1,251,681. The company’s fifty day moving average is $0.29 and its 200 day moving average is $0.22. The stock has a market cap of $3.42 million, a P/E ratio of -0.01 and a beta of 0.91. Chicken Soup for the Soul Entertainment has a fifty-two week low of $0.09 and a fifty-two week high of $1.27.

Chicken Soup for the Soul Entertainment (NASDAQ:CSSE) last released its quarterly earnings results on Monday, May 20th. The company reported ($1.63) EPS for the quarter. The company had revenue of $27.40 million for the quarter.

Hedge Funds Weigh In On Chicken Soup for the Soul Entertainment

A hedge fund recently bought a new stake in Chicken Soup for the Soul Entertainment stock. Fortitude Family Office LLC purchased a new stake in Chicken Soup for the Soul Entertainment, Inc. (NASDAQ:CSSE) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 132,744 shares of the company’s stock, valued at approximately $29,000. Fortitude Family Office LLC owned approximately 0.41% of Chicken Soup for the Soul Entertainment as of its most recent SEC filing. Institutional investors and hedge funds own 7.39% of the company’s stock.

About Chicken Soup for the Soul Entertainment

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