CuriosityStream Inc. (NASDAQ:CURI) Short Interest Up 47.4% in May

CuriosityStream Inc. (NASDAQ:CURI - Get Free Report) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totalling 537,100 shares, an increase of 47.4% from the April 30th total of 364,500 shares. Based on an average trading volume of 542,000 shares, the days-to-cover ratio is currently 1.0 days. Currently, 1.8% of the company's stock are short sold.

Institutional Investors Weigh In On CuriosityStream

Institutional investors and hedge funds have recently bought and sold shares of the business. Manatuck Hill Partners LLC grew its holdings in shares of CuriosityStream by 14.4% in the fourth quarter. Manatuck Hill Partners LLC now owns 550,000 shares of the company's stock worth $842,000 after acquiring an additional 69,100 shares during the period. Renaissance Technologies LLC lifted its position in shares of CuriosityStream by 9.7% in the fourth quarter. Renaissance Technologies LLC now owns 470,900 shares of the company's stock worth $720,000 after buying an additional 41,454 shares in the last quarter. Geode Capital Management LLC increased its stake in CuriosityStream by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 330,615 shares of the company's stock worth $506,000 after acquiring an additional 7,669 shares during the last quarter. Informed Momentum Co LLC bought a new stake in CuriosityStream during the first quarter worth approximately $788,000. Finally, Penn Mutual Asset Management bought a new stake in CuriosityStream during the first quarter worth approximately $657,000. Hedge funds and other institutional investors own 6.79% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Barrington Research upgraded CuriosityStream from a "market perform" rating to an "outperform" rating and set a $6.00 price objective for the company in a report on Wednesday, May 7th. Needham & Company LLC boosted their price objective on CuriosityStream from $2.95 to $4.80 and gave the company a "buy" rating in a report on Wednesday, May 7th.

CuriosityStream Stock Performance

Shares of NASDAQ CURI remained flat at $6.87 during midday trading on Tuesday. The stock had a trading volume of 1,852,859 shares, compared to its average volume of 347,602. The company has a market capitalization of $395.89 million, a P/E ratio of -24.53 and a beta of 1.38. CuriosityStream has a 52-week low of $0.98 and a 52-week high of $7.13. The company's 50 day moving average is $4.08 and its 200 day moving average is $2.81.

CuriosityStream (NASDAQ:CURI - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. CuriosityStream had a negative return on equity of 22.18% and a negative net margin of 28.56%. The company had revenue of $15.09 million for the quarter, compared to analysts' expectations of $14.95 million. Research analysts predict that CuriosityStream will post -0.2 earnings per share for the current fiscal year.

CuriosityStream Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, June 6th. CuriosityStream's payout ratio is currently -228.57%.

About CuriosityStream

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.