CuriosityStream Inc. (NASDAQ:CURI) Experiences Significant Short Interest Growth

CuriosityStream Inc. (NASDAQ:CURI) has seen a notable rise in short interest during January. According to the latest data, as of January 31st, the total short interest amounted to 311,000 shares, which represents a 52.9% increase from the 203,400 shares reported on January 15th. This increase indicates that approximately 1.1% of the shares of CuriosityStream are currently sold short. With an average daily trading volume of 263,200 shares, the short-interest ratio stands at about 1.2 days.

CuriosityStream Stock Performance

In terms of stock performance, CuriosityStream experienced a decline of 4.3% recently. During mid-day trading on Thursday, the stock price dropped by $0.12, bringing it down to $2.65. During that day, 209,437 shares were traded, somewhat lower than the average volume of 322,732 shares. The company currently holds a market capitalization of $147.02 million and has a price-to-earnings ratio of -9.46, with a beta value of 1.15. The stock has seen a 52-week low of $0.45 and a high of $3.00. The 50-day moving average for CuriosityStream is $1.95, while the 200-day moving average is $1.82.

Recent Insider Transactions

Additionally, there have been insider transactions reported. CEO Clinton Larry Stinchcomb acquired 17,877 shares of the company on December 12th, purchasing them at an average price of $1.68 per share. This acquisition totalled approximately $30,033.36. Following this purchase, Stinchcomb’s total ownership rose to 2,155,306 shares, reflecting a value of about $3,620,914.08. This transaction indicates a 0.84% increase in his position. Notably, insiders have collectively purchased 21,220 shares worth $35,589 in the last three months, and they currently own about 49.60% of CuriosityStream's stock.

Institutional Involvement

Several hedge funds have been active in adjusting their positions regarding CuriosityStream. For instance, CWM LLC increased their stake by an impressive 310.7% in the third quarter, acquiring an additional 225,188 shares to total 297,656 shares with a valuation of $569,000. Similarly, Penbrook Management LLC established a new position worth around $247,000 in the fourth quarter. Geode Capital Management LLC also raised its holdings by 21.2% during the third quarter, now owning 322,946 shares valued at $617,000 after acquiring an additional 56,402 shares. Renaissance Technologies LLC’s position grew by 9.7% in the fourth quarter, and Virtu Financial LLC increased its holdings by 115.5% during the same period. In total, institutional investors currently hold about 6.79% of CuriosityStream's stock.

Analysis and Price Targets

From an analytical perspective, Needham & Company LLC has recently updated their price target for CuriosityStream, raising it from $1.35 to $3.00, along with a “buy” rating issued on November 7th.

Understanding CuriosityStream

CuriosityStream Inc. primarily operates as a streaming service specializing in factual content. It offers a variety of premium video and audio programming on topics related to science, history, society, nature, lifestyle, and technology. Subscribers can access this content through direct subscription video on-demand (SVoD) platforms, or indirectly through various distribution partners as well as bundled content licenses for both SVoD and traditional linear offerings.

CuriosityStream, Stocks, ShortInterest