Short Interest in Dolphin Entertainment, Inc. (NASDAQ:DLPN) Grows By 134.1%

Dolphin Entertainment, Inc. (NASDAQ:DLPN) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 142,100 shares, a growth of 134.1% from the March 15th total of 60,700 shares. Currently, 2.1% of the company’s stock are sold short. Based on an average daily volume of 60,700 shares, the short-interest ratio is currently 2.3 days.

Dolphin Entertainment Price Performance

NASDAQ:DLPN opened at $1.03 on Wednesday. The company has a market cap of $11.50 million, a PE ratio of -0.50 and a beta of 2.06. The stock has a 50-day simple moving average of $1.04 and a 200 day simple moving average of $1.11. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.76 and a current ratio of 0.76. Dolphin Entertainment has a 52-week low of $0.75 and a 52-week high of $2.78.

Dolphin Entertainment (NASDAQ:DLPN) last announced its quarterly earnings data on Thursday, March 27th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.05). Dolphin Entertainment had a negative net margin of 39.39% and a negative return on equity of 67.30%. The company had revenue of $12.36 million during the quarter, compared to the consensus estimate of $12.10 million.

Institutional Trading of Dolphin Entertainment

An institutional investor recently bought a new position in Dolphin Entertainment stock. Bard Associates Inc. acquired a new position in shares of Dolphin Entertainment, Inc. (NASDAQ:DLPN) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 118,159 shares of the company’s stock, valued at approximately $126,000. Bard Associates Inc. owned 1.06% of Dolphin Entertainment at the end of the most recent reporting period. Institutional investors and hedge funds own 8.87% of the company’s stock.

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.