Dolphin Entertainment, Inc. (NASDAQ:DLPN) Short Interest Update

Dolphin Entertainment, Inc. (NASDAQ:DLPN) saw a large growth in short interest in February. As of February 15th, there was short interest totalling 67,900 shares, a growth of 40.3% from the January 31st total of 48,400 shares. Based on an average daily trading volume, of 43,100 shares, the days-to-cover ratio is currently 1.6 days. Approximately 1.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Dolphin Entertainment stock. Bard Associates Inc. acquired a new stake in shares of Dolphin Entertainment, Inc. (NASDAQ:DLPN) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 118,159 shares of the company’s stock, valued at approximately $126,000. Bard Associates Inc. owned 1.06% of Dolphin Entertainment at the end of the most recent quarter. Hedge funds and other institutional investors own 8.87% of the company’s stock.

Dolphin Entertainment Stock Performance

NASDAQ:DLPN traded down $0.05 on Monday, hitting $1.07. The stock had a trading volume of 12,956 shares, compared to its average volume of 39,944. The stock has a market cap of $11.94 million, a price-to-earnings ratio of -0.51 and a beta of 1.92. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.88. The business’s 50-day simple moving average is $1.06 and its two-hundred day simple moving average is $1.19. Dolphin Entertainment has a 52-week low of $0.90 and a 52-week high of $3.04.

Analyst Ratings Changes

Separately, Maxim Group dropped their target price on Dolphin Entertainment from $8.00 to $5.00 and set a “buy” rating on the stock in a research report on Friday, November 15th.

About Dolphin Entertainment

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.