Dominari Holdings Inc. (NASDAQ:DOMH) Short Interest Up 30.8% in August

Key Points

• Dominari Holdings Inc. (NASDAQ:DOMH) saw a 30.8% increase in short interest in August, reaching a total of 812,700 shares as of August 31st.
• Several hedge funds recently added stakes in Dominari, with institutional investors collectively owning 42.48% of the company's stock.
• The company announced a special dividend of $0.22, to be paid on September 26th, to investors of record on September 3rd.

Dominari Holdings Inc. (NASDAQ:DOMH - Get Free Report) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 812,700 shares, a growth of 30.8% from the August 15th total of 621,200 shares. Approximately 11.1% of the company's stock are short sold. Based on an average daily trading volume, of 317,600 shares, the days-to-cover ratio is presently 2.6 days. Based on an average daily trading volume, of 317,600 shares, the days-to-cover ratio is presently 2.6 days. Approximately 11.1% of the company's stock are short sold.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Dominari from a "sell" rating to a "buy" rating in a research note on Saturday, August 16th.

Institutional Trading of Dominari

A number of large investors have recently made changes to their positions in the stock. PFG Investments LLC bought a new position in Dominari in the first quarter worth about $566,000. Magnus Financial Group LLC purchased a new stake in Dominari in the 2nd quarter worth approximately $136,000. Geode Capital Management LLC raised its stake in shares of Dominari by 2.9% during the 2nd quarter. Geode Capital Management LLC now owns 66,283 shares of the company's stock worth $361,000 after buying an additional 1,866 shares during the period. Connective Capital Management LLC acquired a new position in shares of Dominari during the 2nd quarter worth approximately $1,446,000. Finally, Jane Street Group LLC acquired a new stake in shares of Dominari in the 2nd quarter worth $158,000. 42.48% of the stock is owned by hedge funds and other institutional investors.

Dominari Stock Up 2.5%

NASDAQ DOMH traded up $0.16 on Friday, hitting $6.49. 257,718 shares of the stock were exchanged, compared to its average volume of 232,888. The stock has a fifty day moving average price of $5.81 and a two-hundred day moving average price of $5.22. Dominari has a 52-week low of $0.83 and a 52-week high of $13.58.

Dominari (NASDAQ:DOMH - Get Free Report) last issued its earnings results on Monday, August 11th. The company reported ($1.02) earnings per share (EPS) for the quarter. The company had revenue of $34.10 million for the quarter. Dominari had a negative net margin of 36.01% and a negative return on equity of 94.32%.

Dominari Dividend Announcement

The business also recently announced a special dividend, which will be paid on Friday, September 26th. Stockholders of record on Wednesday, September 3rd will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, September 3rd.

Dominari Company Profile

Dominari Holdings Inc, a biotechnology company, focuses on developing small-molecule anticancer therapeutics. The company's pipeline of therapeutics includes therapies for prostate cancer, pancreatic cancer, acute myeloid leukemia (AML), and acute lymphoblastic leukemia. It is developing DHA-dFdC, a pancreatic drug candidate; and KPC34, a small molecule treatment for acute myeloid leukemia and acute lymphoblastic leukemia.