Dolphin Entertainment Inc (NASDAQ:DLPN) was the target of a large drop in short interest in the month of July. As of July 15th, there was short interest totalling 12,100 shares, a drop of 18.8% from the June 15th total of 14,900 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 20,100 shares, the days-to-cover ratio is currently 0.6 days.

Several research analysts have recently issued reports on DLPN shares. Canaccord Genuity decreased their target price on Yamana Gold from C$5.50 to C$4.25 in a research report on Tuesday, April 16th. Zacks Investment Research raised Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Tuesday, July 16th. Finally, Maxim Group set a $25.00 target price on Agilysys and gave the stock a “buy” rating in a research report on Friday, May 17th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $3.17.

Shares of NASDAQ:DLPN traded up $0.15 during trading on Monday, hitting $1.17. The stock had a trading volume of 16,600 shares, compared to its average volume of 19,176. Dolphin Entertainment has a 12 month low of $0.71 and a 12 month high of $3.19. The company has a market cap of $14.68 million, a P/E ratio of -5.09 and a beta of 7.40. The company has a fifty day moving average of $1.09. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.34 and a quick ratio of 0.34.

Dolphin Entertainment (NASDAQ:DLPN) last posted its quarterly earnings data on Wednesday, May 15th. The company reported ($0.08) earnings per share for the quarter. Dolphin Entertainment had a negative net margin of 15.74% and a negative return on equity of 35.90%. The company had revenue of $6.24 million for the quarter. As a group, equities analysts expect that Dolphin Entertainment will post -0.17 earnings per share for the current fiscal year.

In other Dolphin Entertainment news, CEO William Iv O’dowd acquired 17,500 shares of the company’s stock in a transaction on Friday, June 28th. The stock was acquired at an average price of $2.00 per share, for a total transaction of $35,000.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 17.60% of the company’s stock.

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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