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

Dolphin Entertainment, Inc. (NASDAQ:DLPN) was the target of a large increase in short interest in February. As of February 15th, there was short interest totalling 67,900 shares, an increase of 40.3% from the January 31st total of 48,400 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average trading volume of 43,100 shares, the days-to-cover ratio is presently 1.6 days.

Analyst Upgrades and Downgrades

Separately, Maxim Group lowered their price objective on Dolphin Entertainment from $8.00 to $5.00 and set a “buy” rating for the company in a research note on Friday, November 15th.

Hedge Funds Weigh In On Dolphin Entertainment

A hedge fund recently bought a new stake in Dolphin Entertainment stock. Bard Associates Inc. acquired a new position in Dolphin Entertainment, Inc. (NASDAQ:DLPN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 118,159 shares of the company’s stock, valued at approximately $126,000. Bard Associates Inc. owned about 1.06% of Dolphin Entertainment as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 8.87% of the company’s stock.

Dolphin Entertainment Stock Performance

DLPN traded up $0.01 during midday trading on Wednesday, reaching $1.04. The company had a trading volume of 9,380 shares, compared to its average volume of 39,813. The business has a 50-day moving average price of $1.06 and a two-hundred day moving average price of $1.19. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.76 and a current ratio of 0.76. Dolphin Entertainment has a 12-month low of $0.90 and a 12-month high of $3.04. The stock has a market cap of $11.55 million, a PE ratio of -0.50 and a beta of 1.92.

Dolphin Entertainment Company Profile

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.