Chicken Soup for the Soul Entertainment, Inc. (NASDAQ:CSSE) Sees Significant Growth in Short Interest

Chicken Soup for the Soul Entertainment, Inc. (NASDAQ:CSSE) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 625,500 shares, a growth of 12.0% from the May 31st total of 558,400 shares. Based on an average daily volume of 5,120,000 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Chicken Soup for the Soul Entertainment

An institutional investor recently bought a new position in Chicken Soup for the Soul Entertainment stock. Fortitude Family Office LLC purchased a new position in shares of Chicken Soup for the Soul Entertainment, Inc. (NASDAQ:CSSE) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 132,744 shares of the company’s stock, valued at approximately $29,000. Fortitude Family Office LLC owned about 0.41% of Chicken Soup for the Soul Entertainment at the end of the most recent reporting period. 7.39% of the stock is owned by hedge funds and other institutional investors.

Chicken Soup for the Soul Entertainment Stock Down 10.2 %

Shares of CSSE traded down $0.01 during mid-day trading on Wednesday, reaching $0.11. 28,560,870 shares of the company’s stock were exchanged, compared to its average volume of 1,251,681. Chicken Soup for the Soul Entertainment has a 52-week low of $0.09 and a 52-week high of $1.27. The company has a market cap of $3.42 million, a price-to-earnings ratio of -0.01 and a beta of 0.91. The company has a 50-day simple moving average of $0.29 and a two-hundred day simple moving average of $0.22.

Chicken Soup for the Soul Entertainment (NASDAQ:CSSE) last released its quarterly earnings results on Monday, May 20th. The company reported ($1.63) earnings per share for the quarter. The business had revenue of $27.40 million during the quarter.

About Chicken Soup for the Soul Entertainment

Chicken Soup for the Soul Entertainment, Inc operates as an advertising-supported video-on-demand (VOD) company in the United States and internationally. It owns and operates various ad-supported and subscription-based VOD networks, including Redbox, Crackle, Chicken Soup for the Soul, Popcornflix, Popcornflix Kids, Popcornflix Comedy, FrightPix, Truli, and Españolflix, as well as Pivotshare, subscription VOD platform.