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

Dolphin Entertainment, Inc. (NASDAQ:DLPN) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 7,900 shares, an increase of 1,875.0% from the March 31st total of 400 shares. Based on an average daily volume of 44,900 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of Dolphin Entertainment

A hedge fund recently bought a new stake in Dolphin Entertainment stock. Hohimer Wealth Management LLC bought a new stake in Dolphin Entertainment, Inc. (NASDAQ:DLPN) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 600,000 shares of the company’s stock, valued at approximately $1,026,000. Hohimer Wealth Management LLC owned 3.31% of Dolphin Entertainment as of its most recent SEC filing. Hedge funds and other institutional investors own 8.87% of the company’s stock.

Dolphin Entertainment Stock Performance

Shares of Dolphin Entertainment stock opened at $1.16 on Friday. The stock has a market cap of $21.63 million, a PE ratio of -0.71 and a beta of 1.97. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a fifty day moving average price of $1.29 and a 200 day moving average price of $1.50. Dolphin Entertainment has a 1 year low of $0.96 and a 1 year high of $2.48.

Dolphin Entertainment (NASDAQ:DLPN) last released its quarterly earnings results on Thursday, March 28th. The company reported ($0.54) EPS for the quarter. The firm had revenue of $12.02 million for the quarter. Dolphin Entertainment had a negative net margin of 56.56% and a negative return on equity of 71.01%.

Dolphin Entertainment Company Profile

Dolphin Entertainment, Inc, together with its subsidiaries, operates as an independent entertainment marketing and premium content development 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.