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

Dolphin Entertainment, Inc. (NASDAQ:DLPN) saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 7,900 shares, a growth of 1,875.0% from the March 31st total of 400 shares. Based on an average daily volume of 44,900 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Dolphin Entertainment stock. Hohimer Wealth Management LLC acquired a new stake in shares of Dolphin Entertainment, Inc. (NASDAQ:DLPN) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 600,000 shares of the company’s stock, valued at approximately $1,026,000. Hohimer Wealth Management LLC owned 3.31% of Dolphin Entertainment at the end of the most recent reporting period. Institutional investors own 8.87% of the company’s stock.

Dolphin Entertainment Stock Performance

Shares of Dolphin Entertainment stock opened at $1.16 on Friday. The company’s fifty day simple moving average is $1.29 and its 200-day simple moving average is $1.50. The stock has a market capitalization of $21.63 million, a PE ratio of -0.71 and a beta of 1.97. Dolphin Entertainment has a 1-year low of $0.96 and a 1-year high of $2.48. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.75.

Dolphin Entertainment (NASDAQ:DLPN) last issued its quarterly earnings results on Thursday, March 28th. The company reported ($0.54) earnings per share for the quarter. The business had revenue of $12.02 million for the quarter. Dolphin Entertainment had a negative return on equity of 71.01% and a negative net margin of 56.56%.

About Dolphin Entertainment

Dolphin Entertainment, Inc, together with its subsidiaries, operates as an independent entertainment marketing and premium content development 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.