Dolphin Entertainment, Inc. (NASDAQ:DLPN) Sees Significant Drop in Short Interest

Dolphin Entertainment, Inc. (NASDAQ:DLPN) was the target of a large decrease in short interest in the month of July. As of July 15th, there was short interest totalling 33,500 shares, a decrease of 58.6% from the June 30th total of 81,000 shares. Based on an average daily trading volume, of 120,600 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of Dolphin Entertainment

A hedge fund recently bought a new stake in Dolphin Entertainment stock. Hohimer Wealth Management LLC purchased a new stake in shares of Dolphin Entertainment, Inc. (NASDAQ:DLPN) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 600,000 shares of the company’s stock, valued at approximately $1,026,000. Hohimer Wealth Management LLC owned about 3.31% of Dolphin Entertainment at the end of the most recent reporting period. Institutional investors and hedge funds own 8.87% of the company’s stock.

Dolphin Entertainment Stock Performance

Shares of NASDAQ DLPN opened at $0.87 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.86 and a current ratio of 0.86. The company has a 50 day simple moving average of $0.97 and a 200-day simple moving average of $1.20. Dolphin Entertainment has a 1 year low of $0.63 and a 1 year high of $2.22.

Dolphin Entertainment (NASDAQ:DLPN) last posted its earnings results on Tuesday, May 14th. The company reported ($0.02) earnings per share (EPS) for the quarter. Dolphin Entertainment had a negative return on equity of 68.29% and a negative net margin of 44.87%. The business had revenue of $15.24 million for the quarter.

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.