CuriosityStream Inc. (NASDAQ:CURI) Sees Large Decline in Short Interest

CuriosityStream Inc. (NASDAQ:CURI) saw a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 279,700 shares, a decline of 21.5% from the February 28th total of 356,500 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average trading volume of 308,500 shares, the days-to-cover ratio is presently 0.9 days.

Analyst Ratings Changes

Separately, Needham & Company LLC reissued a “buy” rating and issued a $3.00 price objective on shares of CuriosityStream in a report on Wednesday, March 12th.

CuriosityStream Trading Down 2.5 %

Shares of NASDAQ CURI opened at $2.77 on Monday. The company has a 50 day simple moving average of $2.58 and a two-hundred day simple moving average of $2.13. The stock has a market cap of $153.68 million, a price-to-earnings ratio of -9.89 and a beta of 1.22. CuriosityStream has a 12 month low of $0.93 and a 12 month high of $3.22.

CuriosityStream (NASDAQ:CURI) last released its quarterly earnings data on Tuesday, March 11th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). CuriosityStream had a negative net margin of 28.56% and a negative return on equity of 22.18%. The company had revenue of $51.13 million for the quarter, compared to analysts’ expectations of $14.51 million. Analysts forecast that CuriosityStream will post -0.2 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of CURI. Focus Partners Wealth purchased a new position in shares of CuriosityStream during the 4th quarter valued at approximately $28,000. Cubist Systematic Strategies LLC grew its position in CuriosityStream by 65.3% during the fourth quarter. Cubist Systematic Strategies LLC now owns 27,130 shares of the company’s stock valued at $42,000 after buying an additional 10,722 shares during the period. Manatuck Hill Partners LLC increased its holdings in CuriosityStream by 14.4% in the fourth quarter. Manatuck Hill Partners LLC now owns 550,000 shares of the company’s stock valued at $842,000 after buying an additional 69,100 shares in the last quarter. Renaissance Technologies LLC raised 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 acquiring an additional 41,454 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of CuriosityStream by 2.4% during the 4th 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 in the last quarter. 6.79% of the stock is owned by institutional investors and hedge funds.

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.