CuriosityStream Inc. (NASDAQ:CURI) Sees Large Decline in Short Interest

CuriosityStream Inc. (NASDAQ:CURI) was the target of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 279,700 shares, a decline of 21.5% from the February 28th total of 356,500 shares. Based on an average daily volume of 308,500 shares, the short-interest ratio is presently 0.9 days. Approximately 1.0% of the shares of the company are short sold.

Institutional Investors Weigh In On CuriosityStream

A number of institutional investors have recently bought and sold shares of CURI. Geode Capital Management LLC raised its stake in CuriosityStream by 21.2% during the third quarter. Geode Capital Management LLC now owns 322,946 shares of the company’s stock worth $617,000 after acquiring an additional 56,402 shares in the last quarter. Virtu Financial LLC boosted its position in CuriosityStream by 115.5% in the third quarter. Virtu Financial LLC now owns 27,812 shares of the company’s stock valued at $53,000 after buying an additional 14,905 shares in the last quarter. Penbrook Management LLC bought a new stake in CuriosityStream during the fourth quarter worth about $247,000. Delta Financial Group Inc. increased its holdings in shares of CuriosityStream by 17.7% during the fourth quarter. Delta Financial Group Inc. now owns 67,587 shares of the company’s stock worth $103,000 after buying an additional 10,182 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of CuriosityStream by 9.7% in the fourth quarter. Renaissance Technologies LLC now owns 470,900 shares of the company’s stock valued at $720,000 after acquiring an additional 41,454 shares during the last quarter. Institutional investors and hedge funds own 6.79% of the company’s stock.

CuriosityStream Price Performance

CURI stock traded up $0.05 on Wednesday, reaching $2.76. 20,487 shares of the company were exchanged, compared to its average volume of 313,753. The firm has a market capitalization of $153.12 million, a PE ratio of -9.86 and a beta of 1.22. CuriosityStream has a 12 month low of $0.94 and a 12 month high of $3.22. The stock’s fifty day moving average price is $2.60 and its 200 day moving average price is $2.14.

CuriosityStream (NASDAQ:CURI) last posted its quarterly earnings results on Tuesday, March 11th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.03). CuriosityStream had a negative return on equity of 22.18% and a negative net margin of 28.56%. The company had revenue of $51.13 million during the quarter, compared to analyst estimates of $14.51 million. As a group, research analysts expect that CuriosityStream will post -0.2 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Needham & Company LLC reaffirmed a “buy” rating and issued a $3.00 target price on shares of CuriosityStream in a report on Wednesday, March 12th.

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.