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 recipient of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 529,600 shares, a decrease of 5.8% from the March 15th total of 562,200 shares. Based on an average daily volume of 200,000 shares, the days-to-cover ratio is presently 2.6 days.

Hedge Funds Weigh In On Chicken Soup for the Soul Entertainment

A number of hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC raised its stake in shares of Chicken Soup for the Soul Entertainment by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 77,313 shares of the company’s stock valued at $395,000 after buying an additional 2,374 shares in the last quarter. State Street Corp raised its stake in shares of Chicken Soup for the Soul Entertainment by 10.0% in the 3rd quarter. State Street Corp now owns 30,648 shares of the company’s stock valued at $211,000 after buying an additional 2,783 shares in the last quarter. Advisor Group Holdings Inc. raised its stake in shares of 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 buying an additional 4,616 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Chicken Soup for the Soul Entertainment by 26.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 26,300 shares of the company’s stock valued at $135,000 after buying an additional 5,500 shares in the last quarter. Finally, BlackRock Inc. raised its stake in shares of Chicken Soup for the Soul Entertainment by 26.5% in the 1st quarter. BlackRock Inc. now owns 64,635 shares of the company’s stock valued at $129,000 after buying an additional 13,555 shares in the last quarter. Institutional investors and hedge funds own 7.39% of the company’s stock.

Chicken Soup for the Soul Entertainment Price Performance

Shares of Chicken Soup for the Soul Entertainment stock opened at $0.15 on Wednesday. Chicken Soup for the Soul Entertainment has a 52-week low of $0.13 and a 52-week high of $2.44. The firm has a market capitalization of $4.84 million, a PE ratio of -0.01 and a beta of 1.20. The company’s fifty day moving average price is $0.17 and its two-hundred day moving average price is $0.24.

About Chicken Soup for the Soul Entertainment

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.