Dolphin Entertainment, Inc. (NASDAQ:DLPN) Short Interest Down 37.3% in December

Dolphin Entertainment, Inc. (NASDAQ:DLPN) was the recipient of a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 26,600 shares, a decline of 37.3% from the December 15th total of 42,400 shares. Based on an average daily volume of 54,200 shares, the short-interest ratio is presently 0.5 days. Currently, 0.4% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

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

Dolphin Entertainment Trading Up 3.6 %

NASDAQ DLPN traded up $0.04 on Friday, hitting $1.05. The company’s stock had a trading volume of 8,226 shares, compared to its average volume of 34,875. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.88. Dolphin Entertainment has a 1-year low of $0.90 and a 1-year high of $3.32. The company’s 50-day moving average is $1.12 and its 200 day moving average is $1.33. The firm has a market cap of $11.67 million, a PE ratio of -0.50 and a beta of 1.93.

Institutional Investors Weigh In On Dolphin Entertainment

A hedge fund recently bought a new stake in Dolphin Entertainment stock. SOA Wealth Advisors LLC. purchased a new position in shares of Dolphin Entertainment, Inc. (NASDAQ:DLPN) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 1,108,983 shares of the company’s stock, valued at approximately $699,000. SOA Wealth Advisors LLC. owned 9.94% of Dolphin Entertainment as of its most recent filing with the SEC. 8.87% of the stock is currently owned by institutional investors.

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.