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

Dolphin Entertainment, Inc. (NASDAQ:DLPN) was the recipient of a large growth in short interest in February. As of February 15th, there was short interest totalling 67,900 shares, a growth of 40.3% from the January 31st total of 48,400 shares. Based on an average daily volume of 43,100 shares, the short-interest ratio is currently 1.6 days. Currently, 1.0% of the company’s stock are sold short.

Analyst Ratings Changes

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

Dolphin Entertainment Stock Performance

Dolphin Entertainment stock traded down $0.04 during trading on Tuesday, hitting $1.03. The stock had a trading volume of 13,923 shares, compared to its average volume of 39,934. Dolphin Entertainment has a 1 year low of $0.90 and a 1 year high of $3.04. 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 stock’s 50 day moving average is $1.06 and its two-hundred day moving average is $1.19. The stock has a market cap of $11.50 million, a price-to-earnings ratio of -0.50 and a beta of 1.92.

Hedge Funds Weigh In On Dolphin Entertainment

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