Shares of Helios & Matheson Analytics Inc. are down 36% in Wednesday afternoon trading, after falling 31% in Tuesday's session. The company issued a filing early Tuesday that provided an update on its cash position. Helios & Matheson said in the filing that it "will need proceeds from sales of our common stock pursuant to our Equity Distribution Agreement with Canaccord Genuity, or other sources of capital, starting in May 2018." The company is the majority owner of MoviePass, a service that lets users see a movie a day for a low monthly fee. Shares are down 85% so far this year, while the S&P 500 has gained 0.8%.