CuriosityStream Inc. (NASDAQ:CURI) Sees Significant Growth in Short Interest

CuriosityStream Inc. (NASDAQ:CURI) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 1,070,000 shares, a growth of 65.9% from the March 15th total of 645,000 shares. Based on an average daily trading volume, of 797,700 shares, the short-interest ratio is currently 1.3 days. Currently, 3.7% of the company’s stock are short sold.

Insiders Place Their Bets

In other CuriosityStream news, major shareholder Hendricks Factual Media Llc sold 28,006 shares of CuriosityStream stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $1.00, for a total transaction of $28,006.00. Following the completion of the sale, the insider now directly owns 21,169,423 shares of the company’s stock, valued at approximately $21,169,423. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 363,614 shares of company stock valued at $371,230 in the last ninety days. Insiders own 55.40% of the company’s stock.

Institutional Investors Weigh In On CuriosityStream

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of CuriosityStream by 13.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,426,844 shares of the company’s stock worth $2,083,000 after acquiring an additional 172,894 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of CuriosityStream by 226.4% during the 2nd quarter. Renaissance Technologies LLC now owns 581,500 shares of the company’s stock worth $983,000 after acquiring an additional 403,330 shares in the last quarter. Millennium Management LLC purchased a new stake in shares of CuriosityStream during the 2nd quarter worth approximately $556,000. Geode Capital Management LLC boosted its stake in shares of CuriosityStream by 43.1% during the 2nd quarter. Geode Capital Management LLC now owns 314,853 shares of the company’s stock worth $294,000 after acquiring an additional 94,854 shares in the last quarter. Finally, AQR Capital Management LLC purchased a new stake in shares of CuriosityStream during the 2nd quarter worth approximately $145,000. Hedge funds and other institutional investors own 6.79% of the company’s stock.

CuriosityStream Trading Down 20.0 %

Shares of CURI opened at $1.16 on Friday. CuriosityStream has a twelve month low of $0.45 and a twelve month high of $1.55. The stock’s 50 day moving average is $0.69 and its two-hundred day moving average is $0.62. The firm has a market capitalization of $61.84 million, a PE ratio of -1.25 and a beta of 1.18.

CuriosityStream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 12th will be issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 8.62%. The ex-dividend date is Thursday, April 11th.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC dropped their price target on CuriosityStream from $1.50 to $1.25 and set a “buy” rating on the stock in a research report on Thursday, March 21st.

CuriosityStream Company Profile

CuriosityStream Inc operates as a factual content streaming service and media company. The company provides premium video programming services in various categories of factual entertainment, including science, history, society, nature, lifestyle, and technology through direct subscription video on-demand (SVoD) platforms accessible by internet connected devices, or indirectly via distribution partners who deliver CuriosityStream content via distributor's platform or system, as well as through bundled content licenses for SVoD and linear offerings, content licensing, brand sponsorship and advertising, talks and courses, and partner bulk sales.