CuriosityStream Inc. (NASDAQ:CURI) Short Interest Down 21.5% in March

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

CuriosityStream Price Performance

Shares of CuriosityStream stock opened at $2.77 on Monday. The stock has a market cap of $153.68 million, a price-to-earnings ratio of -9.89 and a beta of 1.22. The firm’s 50-day moving average is $2.58 and its two-hundred day moving average is $2.13. CuriosityStream has a 1 year low of $0.93 and a 1 year high of $3.22.

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

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Focus Partners Wealth purchased a new stake in shares of CuriosityStream during the 4th quarter worth $28,000. Cubist Systematic Strategies LLC raised its holdings in CuriosityStream by 65.3% in the fourth quarter. Cubist Systematic Strategies LLC now owns 27,130 shares of the company’s stock worth $42,000 after purchasing an additional 10,722 shares in the last quarter. Virtu Financial LLC lifted its position in shares of CuriosityStream by 115.5% during 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 during the last quarter. Delta Financial Group Inc. boosted its holdings in shares of CuriosityStream by 17.7% in the 4th quarter. Delta Financial Group Inc. now owns 67,587 shares of the company’s stock valued at $103,000 after buying an additional 10,182 shares in the last quarter. Finally, Penbrook Management LLC acquired a new stake in CuriosityStream in the fourth quarter valued at approximately $247,000. 6.79% of the stock is currently owned by hedge funds and other institutional investors.

CuriosityStream Company Profile

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.