CuriosityStream Inc. (NASDAQ:CURI) Sees Significant Drop in Short Interest

CuriosityStream Inc. (NASDAQ:CURI) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totalling 399,500 shares, a drop of 22.3% from the June 30th total of 514,400 shares. Based on an average daily trading volume, of 203,300 shares, the short-interest ratio is currently 2.0 days. Currently, 1.4% of the company’s stock are sold short.

CuriosityStream Price Performance

CuriosityStream stock remained flat at $1.10 during mid-day trading on Tuesday. 69,677 shares of the company were exchanged, compared to its average volume of 472,203. CuriosityStream has a fifty-two week low of $0.45 and a fifty-two week high of $1.55. The firm has a market cap of $58.96 million, a P/E ratio of -1.26 and a beta of 1.15. The stock has a 50-day moving average of $1.11 and a two-hundred day moving average of $0.91.

CuriosityStream (NASDAQ:CURI) last released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.04). CuriosityStream had a negative net margin of 81.73% and a negative return on equity of 34.10%. The business had revenue of $12.00 million during the quarter, compared to analysts’ expectations of $12.50 million. Equities analysts expect that CuriosityStream will post -0.19 EPS for the current fiscal year.

CuriosityStream Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 12th will be issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 9.09%. The ex-dividend date is Friday, July 12th. CuriosityStream’s payout ratio is -11.49%.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reiterated a “buy” rating and issued a $1.35 price objective on shares of CuriosityStream in a research note on Tuesday, May 21st.

Insider Buying and Selling at CuriosityStream

In other CuriosityStream news, Director Michael Nikzad sold 53,268 shares of the stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $1.06, for a total value of $56,464.08. Following the completion of the sale, the director now owns 462,187 shares in the company, valued at approximately $489,918.22. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Michael Nikzad sold 53,268 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $1.06, for a total transaction of $56,464.08. Following the completion of the sale, the director now owns 462,187 shares in the company, valued at approximately $489,918.22. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Clinton Larry Stinchcomb purchased 40,000 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The shares were bought at an average price of $1.06 per share, with a total value of $42,400.00. Following the purchase, the chief executive officer now owns 286,564 shares in the company, valued at $303,757.84. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 91,600 shares of company stock worth $97,252 and sold 144,421 shares worth $155,195. Company insiders own 49.60% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in CuriosityStream stock. Virtu Financial LLC raised its position in CuriosityStream Inc. (NASDAQ:CURI) by 782.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 151,267 shares of the company’s stock after purchasing an additional 134,132 shares during the period. Virtu Financial LLC owned 0.28% of CuriosityStream worth $162,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 6.79% of the company’s stock.

About CuriosityStream

CuriosityStream Inc operates as a factual content streaming service and media company. The company provides premium video and audio programming services in various categories of factual entertainment, including science, history, society, nature, lifestyle, and technology through direct subscription video on-demand (SVoD) platforms accessible by internet connected devices, or indirectly via distribution partners who deliver CuriosityStream content via distributor's platform or system, as well as through bundled content licenses for SVoD and linear offerings, talks and courses, and partner bulk sales.