Short Interest in Dolphin Entertainment, Inc. (NASDAQ:DLPN) Expands By 342.3%

Dolphin Entertainment, Inc. (NASDAQ:DLPN) was the recipient of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 32,331 shares, an increase of 342.3% from the February 12th total of 7,309 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 58,622 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 58,622 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.3% of the shares of the stock are short sold.

Institutional Trading of Dolphin Entertainment

An institutional investor recently raised its position in Dolphin Entertainment stock. Renaissance Technologies LLC lifted its position in shares of Dolphin Entertainment, Inc. (NASDAQ:DLPN) by 25.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 47,400 shares of the company’s stock after purchasing an additional 9,500 shares during the quarter. Renaissance Technologies LLC owned about 0.39% of Dolphin Entertainment worth $74,000 as of its most recent filing with the SEC. Institutional investors own 8.87% of the company’s stock.

Analysts Set New Price Targets

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

Dolphin Entertainment Stock Down 1.9%

Shares of NASDAQ:DLPN opened at $1.56 on Friday. The firm has a market cap of $18.91 million, a price-to-earnings ratio of -3.00 and a beta of 2.56. Dolphin Entertainment has a 12-month low of $0.75 and a 12-month high of $1.88. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.89. The stock’s 50-day moving average price is $1.61 and its two-hundred day moving average price is $1.52.

About Dolphin Entertainment

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.