Dolphin Entertainment, Inc. (NASDAQ:DLPN) Short Interest Update

Dolphin Entertainment, Inc. (NASDAQ:DLPN) saw a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 26,600 shares, a decrease of 37.3% from the December 15th total of 42,400 shares. Based on an average daily volume of 54,200 shares, the short-interest ratio is currently 0.5 days. Approximately 0.4% of the company’s stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Dolphin Entertainment stock. SOA Wealth Advisors LLC. purchased a new position in Dolphin Entertainment, Inc. (NASDAQ:DLPN) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,108,983 shares of the company’s stock, valued at approximately $699,000. SOA Wealth Advisors LLC. owned about 9.94% of Dolphin Entertainment as of its most recent filing with the Securities and Exchange Commission. 8.87% of the stock is owned by institutional investors.

Dolphin Entertainment Price Performance

Shares of NASDAQ DLPN opened at $1.01 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $11.27 million, a PE ratio of -0.49 and a beta of 1.93. The stock’s 50 day moving average price is $1.12 and its 200-day moving average price is $1.33. Dolphin Entertainment has a twelve month low of $0.90 and a twelve month high of $3.32.

Analyst Ratings Changes

Separately, Maxim Group reduced their price objective on shares of Dolphin Entertainment from $8.00 to $5.00 and set a “buy” rating for the company in a research report on Friday, November 15th.

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.