Dolphin Entertainment, Inc. (NASDAQ:DLPN) Short Interest Update

Dolphin Entertainment, Inc. (NASDAQ:DLPNGet Rating) was the target of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 193,500 shares, an increase of 26.5% from the March 31st total of 153,000 shares. Based on an average daily volume of 375,400 shares, the short-interest ratio is presently 0.5 days.

A number of large investors have recently bought and sold shares of DLPN. First Republic Investment Management Inc. lifted its position in Dolphin Entertainment by 75.9% in the third quarter. First Republic Investment Management Inc. now owns 122,994 shares of the company’s stock valued at $1,496,000 after purchasing an additional 53,087 shares during the period. Essex Investment Management Co. LLC increased its stake in shares of Dolphin Entertainment by 93.0% during the 4th quarter. Essex Investment Management Co. LLC now owns 93,425 shares of the company’s stock worth $796,000 after purchasing an additional 45,008 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Dolphin Entertainment by 31.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 67,290 shares of the company’s stock worth $573,000 after purchasing an additional 16,014 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of Dolphin Entertainment during the 4th quarter worth approximately $408,000. Finally, GSA Capital Partners LLP purchased a new position in shares of Dolphin Entertainment during the 3rd quarter worth approximately $316,000. 17.58% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Maxim Group lowered their target price on Dolphin Entertainment from $30.00 to $12.00 and set a “buy” rating on the stock in a report on Thursday, April 14th.

Shares of Dolphin Entertainment stock traded up $0.17 on Monday, hitting $4.01. 1,736 shares of the company were exchanged, compared to its average volume of 323,148. The company has a 50-day moving average price of $4.25 and a 200 day moving average price of $6.82. Dolphin Entertainment has a 1-year low of $3.45 and a 1-year high of $15.25. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.34.

Dolphin Entertainment (NASDAQ:DLPNGet Rating) last released its quarterly earnings data on Wednesday, April 13th. The company reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.33). Dolphin Entertainment had a negative net margin of 18.09% and a negative return on equity of 11.61%.

About Dolphin Entertainment (Get Rating)

Dolphin Entertainment, Inc, together with its subsidiaries, operates as an independent entertainment marketing and premium content development company in the United States. It operates in two segments, Entertainment Publicity and Marketing; and Content Production. The Entertainment Publicity and Marketing segment offers public relations, entertainment content marketing, strategic communications, social media and digital marketing, creative branding, talent publicity, and entertainment marketing services, as well as produces promotional video content.

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