Chicken Soup for the Soul Entertainment, Inc. (NASDAQ:CSSE) Short Interest Up 29.3% in August

Chicken Soup for the Soul Entertainment, Inc. (NASDAQ:CSSE) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totalling 1,810,000 shares, a growth of 29.3% from the August 15th total of 1,400,000 shares. Based on an average daily trading volume, of 409,000 shares, the days-to-cover ratio is presently 4.4 days.

Chicken Soup for the Soul Entertainment Price Performance

Shares of CSSE stock traded down $0.01 during trading hours on Friday, reaching $0.32. 1,684,060 shares of the stock were exchanged, compared to its average volume of 418,825. The business’s fifty day moving average is $0.77 and its two-hundred day moving average is $1.55. Chicken Soup for the Soul Entertainment has a 12-month low of $0.31 and a 12-month high of $8.95. The firm has a market capitalization of $10.06 million, a P/E ratio of -0.04 and a beta of 1.35.

Chicken Soup for the Soul Entertainment (NASDAQ:CSSE) last released its earnings results on Monday, August 14th. The company reported ($1.50) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.63) by $0.13. The firm had revenue of $79.91 million for the quarter, compared to analyst estimates of $119.43 million. Chicken Soup for the Soul Entertainment had a negative net margin of 44.55% and a negative return on equity of 254.17%. As a group, equities research analysts predict that Chicken Soup for the Soul Entertainment will post -6.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CSSE. B. Riley lowered their price target on shares of Chicken Soup for the Soul Entertainment from $5.00 to $2.00 and set a “buy” rating on the stock in a research report on Monday, September 11th. Benchmark lowered their price target on shares of Chicken Soup for the Soul Entertainment from $12.00 to $6.00 and set a “buy” rating on the stock in a research report on Tuesday, August 15th. Craig Hallum cut shares of Chicken Soup for the Soul Entertainment from a “buy” rating to a “hold” rating in a research report on Tuesday, August 15th. Finally, Alliance Global Partners reissued a “neutral” rating on shares of Chicken Soup for the Soul Entertainment in a research report on Tuesday, August 15th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $5.50.

Hedge Funds Weigh In On Chicken Soup for the Soul Entertainment

Several hedge funds have recently added to or reduced their stakes in CSSE. Perritt Capital Management Inc. grew its position in shares of Chicken Soup for the Soul Entertainment by 66.7% during the second quarter. Perritt Capital Management Inc. now owns 50,000 shares of the company’s stock worth $59,000 after acquiring an additional 20,000 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Chicken Soup for the Soul Entertainment by 112.7% during the second quarter. Geode Capital Management LLC now owns 167,555 shares of the company’s stock worth $199,000 after acquiring an additional 88,775 shares during the last quarter. Royce & Associates LP grew its position in shares of Chicken Soup for the Soul Entertainment by 14.8% during the second quarter. Royce & Associates LP now owns 1,370,833 shares of the company’s stock worth $1,624,000 after acquiring an additional 176,851 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Chicken Soup for the Soul Entertainment by 35,759.4% during the first quarter. JPMorgan Chase & Co. now owns 173,918 shares of the company’s stock worth $348,000 after acquiring an additional 173,433 shares during the last quarter. Finally, Susquehanna International Group LLP grew its position in shares of Chicken Soup for the Soul Entertainment by 175.3% during the first quarter. Susquehanna International Group LLP now owns 25,837 shares of the company’s stock worth $52,000 after acquiring an additional 60,160 shares during the last quarter. 58.98% of the stock is currently owned by hedge funds and other institutional investors.

Chicken Soup for the Soul Entertainment Company Profile

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