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

Dolphin Entertainment, Inc. (NASDAQ:DLPN) saw a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 32,331 shares, a growth of 342.3% from the February 12th total of 7,309 shares. Based on an average daily volume of 58,622 shares, the short-interest ratio is presently 0.6 days. Approximately 0.3% of the shares of the company are sold short. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 58,622 shares, the short-interest ratio is presently 0.6 days.

Dolphin Entertainment Stock Down 1.2%

NASDAQ DLPN opened at $1.61 on Wednesday. Dolphin Entertainment has a 12 month low of $0.75 and a 12 month high of $1.88. The company has a market capitalization of $19.51 million, a P/E ratio of -3.10 and a beta of 2.56. The company’s 50 day simple moving average is $1.61 and its 200 day simple moving average is $1.52. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.82 and a quick ratio of 0.82.

Institutional Investors Weigh In On Dolphin Entertainment

A hedge fund recently raised its stake in Dolphin Entertainment stock. Renaissance Technologies LLC lifted its stake in shares of Dolphin Entertainment, Inc. (NASDAQ:DLPN) by 25.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,400 shares of the company’s stock after acquiring an additional 9,500 shares during the quarter. Renaissance Technologies LLC owned 0.39% of Dolphin Entertainment worth $74,000 at the end of the most recent reporting period. 8.87% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Dolphin Entertainment in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Dolphin Entertainment has an average rating of “Sell”.

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.