Dolphin Entertainment, Inc. (NASDAQ:DLPN – Get Free Report) was the target of a significant 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. Based on an average daily volume of 21,818 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.3% of the company’s shares are short sold.
Institutional Investors Weigh In On Dolphin Entertainment
An institutional investor recently raised its stake in Dolphin Entertainment stock. Renaissance Technologies LLC boosted its stake in shares of Dolphin Entertainment, Inc. (NASDAQ:DLPN – Free Report) by 25.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 47,400 shares of the company’s stock after buying an additional 9,500 shares during the period. Renaissance Technologies LLC owned 0.39% of Dolphin Entertainment worth $74,000 at the end of the most recent quarter. Institutional investors own 8.87% of the company’s stock.
Dolphin Entertainment Price Performance
NASDAQ:DLPN opened at $1.10 on Monday. The company has a debt-to-equity ratio of 2.37, a current ratio of 0.77 and a quick ratio of 0.77. The company has a 50 day moving average price of $1.12 and a 200-day moving average price of $1.32. Dolphin Entertainment has a 1-year low of $1.02 and a 1-year high of $1.88. The firm has a market cap of $14.33 million, a price-to-earnings ratio of -3.79 and a beta of 1.90.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on DLPN. Zacks Research raised shares of Dolphin Entertainment to a “hold” rating in a research note on Friday, August 14th. Weiss Ratings raised shares of Dolphin Entertainment from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, August 25th. One research 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, the company currently has an average rating of “Reduce”.
Check Out Our Latest Stock Report on DLPN
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.
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