Dolphin Entertainment, Inc. (NASDAQ:DLPN) Sees Large Decline in Short Interest

Dolphin Entertainment, Inc. (NASDAQ:DLPN) saw a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 50,800 shares, a decline of 6.8% from the November 15th total of 54,500 shares. Based on an average daily volume of 39,500 shares, the short-interest ratio is presently 1.3 days. Currently, 0.7% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, Maxim Group reduced their price target on Dolphin Entertainment from $8.00 to $5.00 and set a “buy” rating on the stock in a report on Friday, November 15th.

Institutional Trading of Dolphin Entertainment

An institutional investor recently bought a new position in Dolphin Entertainment stock. SOA Wealth Advisors LLC. bought a new stake in Dolphin Entertainment, Inc. (NASDAQ:DLPN) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent reporting period. Institutional investors and hedge funds own 8.87% of the company’s stock.

Dolphin Entertainment Trading Down 7.7 %

DLPN stock traded down $0.09 during trading on Monday, hitting $1.08. The company had a trading volume of 60,457 shares, compared to its average volume of 36,367. The business has a 50-day moving average of $1.22 and a 200-day moving average of $1.49. Dolphin Entertainment has a one year low of $0.95 and a one year high of $3.58. The stock has a market cap of $12.05 million, a PE ratio of -0.53 and a beta of 1.96. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.88.

Dolphin Entertainment Company Profile

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.