Dolphin Entertainment Inc (NASDAQ:DLPN) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 5,100 shares, a decline of 58.9% from the July 31st total of 12,400 shares. Based on an average daily volume of 12,500 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the shares of the company are short sold.
Dolphin Entertainment stock traded up $0.01 during trading hours on Friday, hitting $0.81. The stock had a trading volume of 9,800 shares, compared to its average volume of 17,399. The company has a 50-day moving average of $1.01 and a two-hundred day moving average of $1.28. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.87. The company has a market cap of $12.45 million, a PE ratio of -3.52 and a beta of 7.48. Dolphin Entertainment has a fifty-two week low of $0.71 and a fifty-two week high of $2.80.
In other Dolphin Entertainment news, CEO William Iv O’dowd acquired 17,500 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The stock was acquired at an average price of $2.00 per share, with a total value of $35,000.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 17.60% of the stock is currently owned by insiders.
A hedge fund recently raised its stake in Dolphin Entertainment stock. Vanguard Group Inc. raised its position in Dolphin Entertainment Inc (NASDAQ:DLPN) by 258.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 527,778 shares of the company’s stock after acquiring an additional 380,724 shares during the period. Vanguard Group Inc. owned about 3.67% of Dolphin Entertainment worth $554,000 as of its most recent SEC filing. 8.58% of the stock is owned by hedge funds and other institutional investors.
DLPN has been the subject of several recent research reports. Maxim Group reaffirmed a “buy” rating and issued a $5.00 price target on shares of Dolphin Entertainment in a report on Friday, May 17th. ValuEngine cut Dolphin Entertainment from a “hold” rating to a “sell” rating in a report on Thursday, August 15th. Finally, Zacks Investment Research raised Dolphin Entertainment from a “hold” rating to a “buy” rating and set a $1.00 price target for the company in a report on Wednesday, August 21st. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $2.63.
About Dolphin Entertainment
Dolphin Entertainment, Inc produces and distributes online digital content in the United States. The company operates as a content producer of motion pictures, as well as produces Web series and feature films. In addition, it operates an entertainment public relations agency, which offers talent, marketing, and strategic communications services, as well as brand and digital marketing services.
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