Dolphin Entertainment, Inc. (NASDAQ:DLPN) Sees Large Decline in Short Interest

Dolphin Entertainment, Inc. (NASDAQ:DLPN) saw a significant decrease in short interest in July. As of July 15th, there was short interest totalling 33,500 shares, a decrease of 58.6% from the June 30th total of 81,000 shares. Based on an average daily volume of 120,600 shares, the days-to-cover ratio is presently 0.3 days.

Dolphin Entertainment Price Performance

NASDAQ:DLPN traded down $0.02 during midday trading on Friday, hitting $0.82. The stock had a trading volume of 5,473 shares, compared to its average volume of 78,593. Dolphin Entertainment has a one year low of $0.63 and a one year high of $2.22. The stock has a 50-day moving average of $0.98 and a 200 day moving average of $1.21. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.53.

Dolphin Entertainment (NASDAQ:DLPN) last announced its earnings results on Tuesday, May 14th. The company reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $15.24 million for the quarter. Dolphin Entertainment had a negative net margin of 44.87% and a negative return on equity of 68.29%.

Institutional Trading of Dolphin Entertainment

An institutional investor recently bought a new position in Dolphin Entertainment stock. Hohimer Wealth Management LLC acquired a new stake in shares of Dolphin Entertainment, Inc. (NASDAQ:DLPN) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 600,000 shares of the company’s stock, valued at approximately $1,026,000. Hohimer Wealth Management LLC owned about 3.31% of Dolphin Entertainment as of its most recent filing with the SEC. Institutional investors and hedge funds own 8.87% of the company’s stock.

Dolphin Entertainment Company Profile

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.