Chicken Soup for the Soul Entertainment, Inc. (NASDAQ:CSSEP) Sees Significant Drop in Short Interest

Chicken Soup for the Soul Entertainment, Inc. (NASDAQ:CSSEP) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 300 shares, a decline of 50.0% from the August 15th total of 600 shares. Based on an average daily volume of 6,100 shares, the short-interest ratio is presently 0.0 days.

A hedge fund recently bought a new stake in Chicken Soup for the Soul Entertainment stock. Meeder Asset Management Inc. acquired a new position in Chicken Soup for the Soul Entertainment, Inc. (NASDAQ:CSSEP) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,020 shares of the company’s stock, valued at approximately $29,000.

Chicken Soup for the Soul Entertainment stock opened at $27.79 on Friday. The stock’s 50 day simple moving average is $27.54 and its two-hundred day simple moving average is $27.62. Chicken Soup for the Soul Entertainment has a fifty-two week low of $21.67 and a fifty-two week high of $29.20.

The business also recently declared a monthly dividend, which was paid on Wednesday, September 15th. Stockholders of record on Tuesday, August 31st were given a $0.2031 dividend. The ex-dividend date was Monday, August 30th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 8.77%.

About Chicken Soup for the Soul Entertainment

Chicken Soup for the Soul Entertainment, Inc operates as a streaming video-on-demand company in the United States and internationally. It owns and operates various ad-supported and subscription-based video-on-demand (VOD) networks, including Crackle, Popcornflix, Popcornflix Kids, Truli, Pivotshare, Españolflix, and FrightPix.

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