Short Interest in Dolphin Entertainment, Inc. (NASDAQ:DLPN) Decreases By 62.8%
by Tristan Rich · The Markets DailyDolphin Entertainment, Inc. (NASDAQ:DLPN – Get Free Report) was the target of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 20,798 shares, a decrease of 62.8% from the December 15th total of 55,935 shares. Based on an average trading volume of 32,322 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.2% of the company’s shares are short sold. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 32,322 shares, the days-to-cover ratio is currently 0.6 days.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Dolphin Entertainment in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.
View Our Latest Report on Dolphin Entertainment
Dolphin Entertainment Trading Down 2.7%
DLPN traded down $0.05 on Friday, reaching $1.62. 715 shares of the company traded hands, compared to its average volume of 47,866. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.89. The company has a market cap of $19.57 million, a P/E ratio of -3.12 and a beta of 2.56. The firm has a fifty day simple moving average of $1.59 and a two-hundred day simple moving average of $1.41. Dolphin Entertainment has a one year low of $0.75 and a one year high of $1.88.
Dolphin Entertainment (NASDAQ:DLPN – Get Free Report) last posted its quarterly earnings results on Wednesday, November 12th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.03. Dolphin Entertainment had a negative net margin of 11.37% and a negative return on equity of 65.09%. The firm had revenue of $14.80 million during the quarter, compared to the consensus estimate of $15.00 million.
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.