Short Interest in Chicken Soup for the Soul Entertainment, Inc. (NASDAQ:CSSE) Drops By 5.8%

Chicken Soup for the Soul Entertainment, Inc. (NASDAQ:CSSE) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 529,600 shares, a decline of 5.8% from the March 15th total of 562,200 shares. Based on an average daily volume of 200,000 shares, the days-to-cover ratio is presently 2.6 days.

Institutional Trading of Chicken Soup for the Soul Entertainment

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CSSE. Potomac Capital Management Inc. increased its position in Chicken Soup for the Soul Entertainment by 116.8% in the 1st quarter. Potomac Capital Management Inc. now owns 451,476 shares of the company’s stock valued at $903,000 after buying an additional 243,276 shares in the last quarter. JPMorgan Chase & Co. increased its position in Chicken Soup for the Soul Entertainment by 35,759.4% in the 1st quarter. JPMorgan Chase & Co. now owns 173,918 shares of the company’s stock valued at $348,000 after buying an additional 173,433 shares in the last quarter. Jane Street Group LLC bought a new stake in Chicken Soup for the Soul Entertainment in the 1st quarter valued at about $342,000. Fortitude Family Office LLC bought a new stake in Chicken Soup for the Soul Entertainment in the 4th quarter valued at about $29,000. Finally, Penn Capital Management Company LLC purchased a new stake in Chicken Soup for the Soul Entertainment in the 1st quarter worth about $890,000. 7.39% of the stock is owned by institutional investors.

Chicken Soup for the Soul Entertainment Price Performance

Shares of NASDAQ:CSSE opened at $0.14 on Thursday. The company has a market capitalization of $4.52 million, a price-to-earnings ratio of -0.01 and a beta of 1.20. The business’s 50-day moving average is $0.17 and its 200-day moving average is $0.24. Chicken Soup for the Soul Entertainment has a 1 year low of $0.13 and a 1 year high of $2.44.

Chicken Soup for the Soul Entertainment Company Profile

Chicken Soup for the Soul Entertainment, Inc operates as a streaming video-on-demand (VOD) company in the United States and internationally. It owns and operates various ad-supported and subscription-based VOD networks, including Crackle, Chicken Soup for the Soul, Popcornflix, Popcornflix Kids, Truli, Pivotshare, Popcornflix Comedy, Españolflix, and FrightPix.