Chicken Soup for the Soul Entertainment, Inc. (NASDAQ:CSSE) Short Interest Up 29.3% in August

Chicken Soup for the Soul Entertainment, Inc. (NASDAQ:CSSE) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 1,810,000 shares, a growth of 29.3% from the August 15th total of 1,400,000 shares. Based on an average trading volume of 409,000 shares, the short-interest ratio is currently 4.4 days.

Institutional Investors Weigh In On Chicken Soup for the Soul Entertainment

Institutional investors have recently bought and sold shares of the company. Granahan Investment Management LLC lifted its stake in Chicken Soup for the Soul Entertainment by 31.0% in the 1st quarter. Granahan Investment Management LLC now owns 1,807,303 shares of the company’s stock worth $3,615,000 after purchasing an additional 428,124 shares in the last quarter. Royce & Associates LP raised its position in shares of Chicken Soup for the Soul Entertainment by 14.8% during the 2nd quarter. Royce & Associates LP now owns 1,370,833 shares of the company’s stock valued at $1,624,000 after buying an additional 176,851 shares during the period. Potomac Capital Management Inc. raised its position in shares of Chicken Soup for the Soul Entertainment by 116.8% during the 1st quarter. Potomac Capital Management Inc. now owns 451,476 shares of the company’s stock valued at $903,000 after buying an additional 243,276 shares during the period. Vanguard Group Inc. raised its position in shares of Chicken Soup for the Soul Entertainment by 20.3% during the 3rd quarter. Vanguard Group Inc. now owns 388,170 shares of the company’s stock valued at $2,671,000 after buying an additional 65,616 shares during the period. Finally, Gratia Capital LLC purchased a new stake in shares of Chicken Soup for the Soul Entertainment during the 1st quarter valued at approximately $652,000. 58.98% of the stock is currently owned by institutional investors and hedge funds.

Chicken Soup for the Soul Entertainment Stock Down 2.8 %

NASDAQ:CSSE opened at $0.32 on Monday. Chicken Soup for the Soul Entertainment has a 52 week low of $0.31 and a 52 week high of $8.95. The stock has a market capitalization of $10.06 million, a PE ratio of -0.04 and a beta of 1.35. The stock’s 50-day moving average price is $0.77 and its 200-day moving average price is $1.51.

Chicken Soup for the Soul Entertainment (NASDAQ:CSSE) last posted its earnings results on Monday, August 14th. The company reported ($1.50) EPS for the quarter, beating analysts’ consensus estimates of ($1.63) by $0.13. Chicken Soup for the Soul Entertainment had a negative return on equity of 254.17% and a negative net margin of 44.55%. The firm had revenue of $79.91 million for the quarter, compared to analysts’ expectations of $119.43 million. Sell-side analysts expect that Chicken Soup for the Soul Entertainment will post -6.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. B. Riley reduced their target price on Chicken Soup for the Soul Entertainment from $5.00 to $2.00 and set a “buy” rating for the company in a research note on Monday, September 11th. Benchmark reduced their target price on Chicken Soup for the Soul Entertainment from $12.00 to $6.00 and set a “buy” rating for the company in a research note on Tuesday, August 15th. Alliance Global Partners restated a “neutral” rating on shares of Chicken Soup for the Soul Entertainment in a research note on Tuesday, August 15th. Finally, Craig Hallum downgraded Chicken Soup for the Soul Entertainment from a “buy” rating to a “hold” rating in a research report on Tuesday, August 15th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $5.50.

Chicken Soup for the Soul Entertainment Company Profile

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, Popcornflix Comedy, Españolflix, and FrightPix.