Short Interest in CuriosityStream Inc. (NASDAQ:CURI) Drops By 5.2%

CuriosityStream Inc. (NASDAQ:CURI) was the recipient of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totalling 410,600 shares, a decrease of 5.2% from the August 31st total of 433,300 shares. Based on an average daily volume of 197,000 shares, the days-to-cover ratio is currently 2.1 days. Currently, 1.4% of the shares of the stock are sold short.

Insider Transactions at CuriosityStream

In related news, Director Jonathan Huberman sold 120,861 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $1.47, for a total value of $177,665.67. Following the transaction, the director now owns 1,433,576 shares of the company’s stock, valued at $2,107,356.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Jonathan Huberman sold 120,861 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $1.47, for a total value of $177,665.67. Following the transaction, the director now owns 1,433,576 shares of the company’s stock, valued at $2,107,356.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael Nikzad sold 27,112 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $1.21, for a total value of $32,805.52. Following the completion of the transaction, the director now directly owns 159,883 shares in the company, valued at approximately $193,458.43. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 283,673 shares of company stock valued at $379,977. 49.60% of the stock is currently owned by company insiders.

Institutional Trading of CuriosityStream

Institutional investors and hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC increased its stake in shares of CuriosityStream by 28.9% during the second quarter. Renaissance Technologies LLC now owns 402,126 shares of the company’s stock valued at $458,000 after purchasing an additional 90,126 shares in the last quarter. Oldfield Partners LLP bought a new stake in shares of CuriosityStream during the second quarter valued at approximately $417,000. Acadian Asset Management LLC bought a new stake in shares of CuriosityStream during the second quarter valued at approximately $27,000. CWM LLC increased its position in shares of CuriosityStream by 6,399.4% during the second quarter. CWM LLC now owns 72,468 shares of the company’s stock valued at $83,000 after acquiring an additional 71,353 shares in the last quarter. Finally, Virtu Financial LLC increased its position in shares of CuriosityStream by 782.8% during the first quarter. Virtu Financial LLC now owns 151,267 shares of the company’s stock valued at $162,000 after acquiring an additional 134,132 shares in the last quarter. 6.79% of the stock is currently owned by hedge funds and other institutional investors.

CuriosityStream Trading Down 2.1 %

CuriosityStream stock opened at $1.87 on Wednesday. The firm has a 50-day moving average of $1.45 and a 200-day moving average of $1.21. The firm has a market cap of $102.10 million, a P/E ratio of -2.15 and a beta of 1.18. CuriosityStream has a 1-year low of $0.45 and a 1-year high of $2.17.

CuriosityStream (NASDAQ:CURI) last posted its earnings results on Tuesday, August 13th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. CuriosityStream had a negative net margin of 69.87% and a negative return on equity of 27.47%. The company had revenue of $12.40 million during the quarter, compared to analyst estimates of $12.30 million. During the same period in the prior year, the business posted ($0.19) earnings per share. Research analysts forecast that CuriosityStream will post -0.15 earnings per share for the current fiscal year.

CuriosityStream announced that its Board of Directors has approved a stock buyback program on Tuesday, June 11th that authorizes the company to repurchase $4.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 4.6% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

CuriosityStream Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Saturday, October 12th will be issued a $0.025 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a $0.10 annualized dividend and a yield of 5.35%. CuriosityStream’s dividend payout ratio (DPR) is presently -11.49%.

Analyst Ratings Changes

Separately, Needham & Company LLC restated a “buy” rating and set a $1.35 price target on shares of CuriosityStream in a research report on Wednesday, August 14th.

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.