CuriosityStream Inc. (NASDAQ:CURI) Sees Significant Drop in Short Interest

CuriosityStream Inc. (NASDAQ:CURI) was the recipient of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 538,700 shares, a drop of 49.7% from the March 31st total of 1,070,000 shares. Based on an average trading volume of 836,700 shares, the short-interest ratio is presently 0.6 days. Currently, 1.9% of the shares of the company are short sold.

Insiders Place Their Bets

In other CuriosityStream news, major shareholder Hendricks Factual Media Llc sold 28,006 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $1.00, for a total transaction of $28,006.00. Following the completion of the sale, the insider now directly owns 21,169,423 shares in the company, valued at $21,169,423. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 363,614 shares of company stock worth $371,230 over the last three months. Insiders own 55.40% of the company’s stock.

CuriosityStream Stock Up 2.8 %

Shares of CURI traded up $0.03 during mid-day trading on Friday, hitting $1.11. 198,419 shares of the company’s stock were exchanged, compared to its average volume of 688,979. CuriosityStream has a 52 week low of $0.45 and a 52 week high of $1.55. The stock’s 50-day simple moving average is $0.82 and its 200-day simple moving average is $0.66. The firm has a market cap of $59.17 million, a price-to-earnings ratio of -1.19 and a beta of 1.18.

CuriosityStream (NASDAQ:CURI) last announced its earnings results on Wednesday, March 20th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.17) by $0.08. The company had revenue of $14.78 million for the quarter, compared to analysts’ expectations of $16.20 million. CuriosityStream had a negative net margin of 85.95% and a negative return on equity of 32.94%. Analysts forecast that CuriosityStream will post -0.1 earnings per share for the current fiscal year.

CuriosityStream Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 12th will be paid a $0.025 dividend. The ex-dividend date is Thursday, April 11th. This represents a $0.10 dividend on an annualized basis and a yield of 9.01%. CuriosityStream’s dividend payout ratio (DPR) is -10.75%.

Analyst Ratings Changes

Separately, Needham & Company LLC lowered their target price on shares of CuriosityStream from $1.50 to $1.25 and set a “buy” rating on the stock in a report on Thursday, March 21st.

About CuriosityStream

CuriosityStream Inc operates as a factual content streaming service and media company. The company provides premium video and audio programming services in various categories of factual entertainment, including science, history, society, nature, lifestyle, and technology through direct subscription video on-demand (SVoD) platforms accessible by internet connected devices, or indirectly via distribution partners who deliver CuriosityStream content via distributor's platform or system, as well as through bundled content licenses for SVoD and linear offerings, talks and courses, and partner bulk sales.