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

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

Analysts Set New Price Targets

Separately, Needham & Company LLC reissued a "buy" rating and issued a $3.00 price target on shares of CuriosityStream in a research note on Thursday.

Institutional Investors Weigh In On CuriosityStream

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Focus Partners Wealth purchased a new stake in shares of CuriosityStream in the 4th quarter valued at approximately $28,000. Cubist Systematic Strategies LLC grew its position in CuriosityStream by 65.3% in the fourth quarter. Cubist Systematic Strategies LLC now owns 27,130 shares of the company's stock worth $42,000 after acquiring an additional 10,722 shares during the period. Manatuck Hill Partners LLC increased its stake in CuriosityStream by 14.4% during 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 last quarter. Renaissance Technologies LLC raised its position in CuriosityStream by 9.7% in the fourth quarter. Renaissance Technologies LLC now owns 470,900 shares of the company's stock valued at $720,000 after purchasing an additional 41,454 shares during the period. Finally, Geode Capital Management LLC raised its position in CuriosityStream by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 330,615 shares of the company's stock valued at $506,000 after purchasing an additional 7,669 shares during the period. 6.79% of the stock is currently owned by institutional investors and hedge funds.

CuriosityStream Stock Down 6.4 %

Shares of CuriosityStream stock traded down $0.17 on Friday, hitting $2.48. 293,120 shares of the company were exchanged, compared to its average volume of 261,710. The company has a 50-day moving average price of $2.63 and a 200 day moving average price of $2.15. The stock has a market capitalization of $137.59 million, a price-to-earnings ratio of -8.86 and a beta of 1.22. CuriosityStream has a 1-year low of $0.94 and a 1-year high of $3.22.

CuriosityStream (NASDAQ:CURI - Get Free Report) 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 return on equity of 22.18% and a negative net margin of 28.56%. The company had revenue of $51.13 million for the quarter, compared to analyst estimates of $14.51 million. Research analysts forecast that CuriosityStream will post -0.2 EPS for the current year.

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.