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

Dolphin Entertainment, Inc. (NASDAQ:DLPN) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 46,144 shares, an increase of 137.1% from the April 30th total of 19,459 shares. Based on an average trading volume of 34,754 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.4% of the shares of the company are sold short.

Dolphin Entertainment Price Performance

Shares of DLPN traded down $0.03 during mid-day trading on Friday, reaching $1.23. The company had a trading volume of 30,262 shares, compared to its average volume of 35,287. The company’s 50 day simple moving average is $1.43 and its 200 day simple moving average is $1.54. Dolphin Entertainment has a 1-year low of $0.99 and a 1-year high of $1.88. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.73 and a current ratio of 0.73. The company has a market capitalization of $15.95 million, a price-to-earnings ratio of -4.22 and a beta of 1.96.

Dolphin Entertainment (NASDAQ:DLPN) last issued its quarterly earnings data on Tuesday, May 12th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.12). The business had revenue of $12.80 million during the quarter, compared to the consensus estimate of $13.60 million. Dolphin Entertainment had a negative net margin of 6.02% and a negative return on equity of 41.42%.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Dolphin Entertainment from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Dolphin Entertainment has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Dolphin Entertainment stock. Renaissance Technologies LLC grew its position in shares of Dolphin Entertainment, Inc. (NASDAQ:DLPN) by 25.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 47,400 shares of the company’s stock after purchasing an additional 9,500 shares during the quarter. Renaissance Technologies LLC owned about 0.39% of Dolphin Entertainment worth $74,000 as of its most recent SEC filing. 8.87% of the stock is owned by institutional investors and hedge funds.

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.