Dolphin Entertainment, Inc. (NASDAQ:DLPN) Short Interest Down 31.1% in March

Dolphin Entertainment, Inc. (NASDAQ:DLPN) was the recipient of a large drop in short interest in March. As of March 15th, there was short interest totalling 7,100 shares, a drop of 31.1% from the February 29th total of 10,300 shares. Based on an average daily volume of 36,400 shares, the days-to-cover ratio is currently 0.2 days.

Dolphin Entertainment Trading Up 4.3 %

Shares of Dolphin Entertainment stock traded up $0.06 during trading on Friday, hitting $1.46. The stock had a trading volume of 88,244 shares, compared to its average volume of 34,115. The stock has a 50 day simple moving average of $1.37 and a 200 day simple moving average of $1.56. Dolphin Entertainment has a 1 year low of $0.96 and a 1 year high of $2.48. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $26.48 million, a PE ratio of -1.02 and a beta of 1.96.

Institutional Trading of Dolphin Entertainment

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. grew its position in Dolphin Entertainment by 59.3% during the first quarter. BlackRock Inc. now owns 29,772 shares of the company’s stock valued at $155,000 after purchasing an additional 11,078 shares in the last quarter. Vanguard Group Inc. increased its position in Dolphin Entertainment by 7.3% in the 1st quarter. Vanguard Group Inc. now owns 309,065 shares of the company’s stock worth $1,610,000 after purchasing an additional 21,019 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Dolphin Entertainment by 9.6% during the 2nd quarter. Renaissance Technologies LLC now owns 41,800 shares of the company’s stock valued at $132,000 after buying an additional 3,660 shares during the last quarter. Centiva Capital LP bought a new position in Dolphin Entertainment during the second quarter valued at approximately $40,000. Finally, Geode Capital Management LLC increased its stake in shares of Dolphin Entertainment by 56.2% during the 2nd quarter. Geode Capital Management LLC now owns 95,430 shares of the company’s stock worth $164,000 after purchasing an additional 34,333 shares during the last quarter. Hedge funds and other institutional investors 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 premium content development 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.