Chicken Soup for the Soul Entertainment, Inc. (NASDAQ:CSSEP) Sees Large Decrease in Short Interest

Chicken Soup for the Soul Entertainment, Inc. (NASDAQ:CSSEP – Get Rating) was the recipient of a significant drop in short interest in the month of April. As of April 30th, there was short interest totalling 4,200 shares, a drop of 30.0% from the April 15th total of 6,000 shares. Based on an average daily volume of 8,500 shares, the short-interest ratio is presently 0.5 days.

A hedge fund recently bought a new stake in Chicken Soup for the Soul Entertainment stock. Meeder Asset Management Inc. purchased a new position in shares of Chicken Soup for the Soul Entertainment, Inc. (NASDAQ:CSSEP – Get Rating) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,020 shares of the company’s stock, valued at approximately $26,000.

NASDAQ:CSSEP traded up $1.35 during midday trading on Friday, reaching $23.50. The company had a trading volume of 11,288 shares, compared to its average volume of 8,055. The stock’s fifty day simple moving average is $24.82 and its 200-day simple moving average is $25.95. Chicken Soup for the Soul Entertainment has a 12-month low of $21.09 and a 12-month high of $29.20.

The business also recently announced a monthly dividend, which will be paid on Sunday, May 15th. Investors of record on Saturday, April 30th will be issued a $0.2031 dividend. The ex-dividend date of this dividend is Thursday, April 28th. This represents a $2.44 dividend on an annualized basis and a yield of 10.37%.

About Chicken Soup for the Soul Entertainment (Get Rating)

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, Españolflix, and FrightPix.

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