Dolphin Entertainment, Inc. (NASDAQ:DLPN) Short Interest Up 134.1% in March

Dolphin Entertainment, Inc. (NASDAQ:DLPN) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 142,100 shares, a growth of 134.1% from the March 15th total of 60,700 shares. Based on an average daily volume of 60,700 shares, the short-interest ratio is currently 2.3 days. Approximately 2.1% of the company’s shares are short sold.

Dolphin Entertainment Stock Up 0.5 %

Shares of DLPN opened at $1.03 on Friday. The business’s fifty day moving average price is $1.04 and its two-hundred day moving average price is $1.11. The firm has a market capitalization of $11.45 million, a price-to-earnings ratio of -0.49 and a beta of 2.06. Dolphin Entertainment has a 52 week low of $0.75 and a 52 week high of $2.78. 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 (NASDAQ:DLPN) last posted its quarterly earnings results on Thursday, March 27th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.05). Dolphin Entertainment had a negative net margin of 39.39% and a negative return on equity of 67.30%. The firm had revenue of $12.36 million during the quarter, compared to the consensus estimate of $12.10 million.

Institutional Investors Weigh In On Dolphin Entertainment

An institutional investor recently bought a new position in Dolphin Entertainment stock. Bard Associates Inc. bought a new stake in shares of Dolphin Entertainment, Inc. (NASDAQ:DLPN) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 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 SEC. 8.87% of the stock is currently owned by institutional investors.

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.