CuriosityStream Inc. (NASDAQ:CURI) Sees Significant Drop in Short Interest

CuriosityStream Inc. (NASDAQ:CURI) was the recipient of a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 538,700 shares, a decline of 49.7% from the March 31st total of 1,070,000 shares. Based on an average trading volume of 836,700 shares, the days-to-cover ratio is currently 0.6 days. Currently, 1.9% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Needham & Company LLC dropped their target price on CuriosityStream from $1.50 to $1.25 and set a “buy” rating on the stock in a research report on Thursday, March 21st.

Insider Buying and Selling at CuriosityStream

In other CuriosityStream news, major shareholder Hendricks Factual Media Llc sold 49,200 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $1.04, for a total value of $51,168.00. Following the transaction, the insider now directly owns 20,972,338 shares in the company, valued at $21,811,231.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 363,614 shares of company stock worth $371,230 over the last three months. 55.40% of the stock is currently owned by insiders.

CuriosityStream Stock Up 2.8 %

CURI traded up $0.03 during trading on Friday, reaching $1.11. 198,419 shares of the company were exchanged, compared to its average volume of 688,979. CuriosityStream has a 12-month low of $0.45 and a 12-month high of $1.55. The company’s 50-day moving average is $0.82 and its two-hundred day moving average is $0.66. The company has a market cap of $59.17 million, a price-to-earnings ratio of -1.19 and a beta of 1.18.

CuriosityStream (NASDAQ:CURI) last announced its quarterly earnings results on Wednesday, March 20th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.08. CuriosityStream had a negative net margin of 85.95% and a negative return on equity of 32.94%. The firm had revenue of $14.78 million for the quarter, compared to the consensus estimate of $16.20 million. Equities analysts forecast that CuriosityStream will post -0.1 earnings per share for the current year.

CuriosityStream Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 12th will be issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 9.01%. The ex-dividend date of this dividend is Thursday, April 11th. CuriosityStream’s payout ratio is -10.75%.

CuriosityStream Company Profile

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.