Short Interest in CuriosityStream Inc. (NASDAQ:CURI) Increases By 10.6%
Short interest in CuriosityStream Inc. (NASDAQ:CURI) increased by 10.6% in June, with a total of 472,700 shares. The days-to-cover ratio is currently 1.2 days, and approximately 1.6% of the stock's shares are short sold. The company's CEO acquired 39,600 shares, while a director sold 24,732 shares. Insiders have acquired 91,600 shares and sold 157,163 shares in the last 90 days. Hedge funds and institutional investors own 6.79% of the stock. The stock price of CuriosityStream increased by 5.5% and is currently trading at $1.15. The company recently announced a quarterly dividend of $0.025 per share.
CuriosityStream Inc. (NASDAQ:CURI - Get Free Report) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 472,700 shares, an increase of 10.6% from the May 31st total of 427,300 shares. Based on an average daily volume of 382,900 shares, the days-to-cover ratio is currently 1.2 days. Approximately 1.6% of the company's shares are short sold.
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Insider Buying and Selling
- CuriosityStream Stock is Poised to Breakout
In related news, Director Michael Nikzad sold 24,732 shares of the business's stock in a transaction on Friday, May 24th. The shares were sold at an average price of $1.06, for a total value of $26,215.92. Following the sale, the director now owns 515,455 shares of the company's stock, valued at $546,382.30. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other CuriosityStream news, CEO Clinton Larry Stinchcomb acquired 39,600 shares of CuriosityStream stock in a transaction that occurred on Thursday, May 23rd. The shares were bought at an average price of $1.07 per share, with a total value of $42,372.00. Following the completion of the purchase, the chief executive officer now directly owns 246,564 shares in the company, valued at approximately $263,823.48. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael Nikzad sold 24,732 shares of the business's stock in a transaction on Friday, May 24th. The stock was sold at an average price of $1.06, for a total transaction of $26,215.92. Following the completion of the sale, the director now directly owns 515,455 shares in the company, valued at approximately $546,382.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 91,600 shares of company stock valued at $97,252 and have sold 157,163 shares valued at $168,064. 49.60% of the stock is currently owned by insiders.
Hedge Funds Weigh In On CuriosityStream
A hedge fund recently raised its stake in CuriosityStream stock. Virtu Financial LLC lifted its stake in shares of CuriosityStream Inc. (NASDAQ:CURI - Free Report) by 782.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,267 shares of the company's stock after purchasing an additional 134,132 shares during the quarter. Virtu Financial LLC owned about 0.28% of CuriosityStream worth $162,000 at the end of the most recent reporting period. 6.79% of the stock is currently owned by hedge funds and other institutional investors.
CuriosityStream Stock Up 5.5 %
CURI traded up $0.06 during trading on Wednesday, reaching $1.15. 55,727 shares of the stock traded hands, compared to its average volume of 526,136. The stock has a market capitalization of $61.64 million, a PE ratio of -1.32 and a beta of 1.15. The stock's 50-day moving average is $1.10 and its 200 day moving average is $0.82. CuriosityStream has a 12 month low of $0.45 and a 12 month high of $1.55.
CuriosityStream (NASDAQ:CURI - Get Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The company reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.04). The firm had revenue of $12.00 million for the quarter, compared to the consensus estimate of $12.50 million. CuriosityStream had a negative net margin of 81.73% and a negative return on equity of 34.10%. As a group, equities research analysts anticipate that CuriosityStream will post -0.19 EPS for the current year.
CuriosityStream Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 12th will be given a dividend of $0.025 per share. The ex-dividend date is Friday, July 12th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 8.70%. CuriosityStream's dividend payout ratio (DPR) is presently -11.49%.
Wall Street Analyst Weigh In
Separately, Needham & Company LLC reaffirmed a "buy" rating and set a $1.35 price target on shares of CuriosityStream in a research report on Tuesday, May 21st.
Read Our Latest Stock Report on CuriosityStream
About CuriosityStream
(Get Free Report)CuriosityStream Inc operates as a factual content streaming service and media company. The company provides premium video and audio programming services in various categories of factual entertainment, including science, history, society, nature, lifestyle, and technology through direct subscription video on-demand (SVoD) platforms accessible by internet connected devices, or indirectly via distribution partners who deliver CuriosityStream content via distributor's platform or system, as well as through bundled content licenses for SVoD and linear offerings, talks and courses, and partner bulk sales.
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