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

Dolphin Entertainment, Inc. (NASDAQ:DLPN) was the target of a significant decrease in short interest in November. As of November 30th, there was short interest totalling 50,800 shares, a decrease of 6.8% from the November 15th total of 54,500 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average daily volume of 39,500 shares, the days-to-cover ratio is currently 1.3 days.

Dolphin Entertainment Price Performance

Dolphin Entertainment stock traded down $0.01 during mid-day trading on Tuesday, hitting $1.07. 114,879 shares of the company were exchanged, compared to its average volume of 36,689. 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 business has a fifty day moving average of $1.22 and a 200 day moving average of $1.48. Dolphin Entertainment has a 1-year low of $0.95 and a 1-year high of $3.58. The company has a market capitalization of $11.94 million, a PE ratio of -0.52 and a beta of 1.96.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Dolphin Entertainment stock. SOA Wealth Advisors LLC. bought a new position in shares of Dolphin Entertainment, Inc. (NASDAQ:DLPN) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 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 & Exchange Commission. Institutional investors own 8.87% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Maxim Group dropped their price objective on Dolphin Entertainment from $8.00 to $5.00 and set a “buy” rating for the company in a research note 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.