JAKKS Pacific, Inc. (NASDAQ:JAKK) Short Interest Down 94.4% in July

JAKKS Pacific, Inc. (NASDAQ:JAKK) was the recipient of a large drop in short interest in July. As of July 15th, there was short interest totalling 309,800 shares, a drop of 94.4% from the June 30th total of 5,570,000 shares. Based on an average daily volume of 376,600 shares, the short-interest ratio is currently 0.8 days. Approximately 15.3% of the shares of the stock are short sold.

A number of equities research analysts recently weighed in on the company. ValuEngine cut JAKKS Pacific from a “buy” rating to a “hold” rating in a report on Friday, July 10th. Zacks Investment Research raised JAKKS Pacific from a “sell” rating to a “hold” rating and set a $1.25 price target for the company in a report on Monday, June 15th.

Shares of JAKK opened at $5.46 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.44 and a debt-to-equity ratio of 49.89. The business’s fifty day moving average price is $3.04 and its two-hundred day moving average price is $1.27. JAKKS Pacific has a 52 week low of $3.00 and a 52 week high of $14.60.

JAKKS Pacific (NASDAQ:JAKK) last announced its quarterly earnings data on Wednesday, July 29th. The company reported ($4.38) EPS for the quarter, missing the Zacks’ consensus estimate of ($3.87) by ($0.51). The firm had revenue of $78.76 million during the quarter, compared to the consensus estimate of $70.20 million. JAKKS Pacific had a negative net margin of 6.88% and a negative return on equity of 214.89%. Research analysts anticipate that JAKKS Pacific will post -9.81 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in JAKKS Pacific stock. Renaissance Technologies LLC lifted its stake in JAKKS Pacific, Inc. (NASDAQ:JAKK) by 1.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,164,680 shares of the company’s stock after purchasing an additional 35,200 shares during the period. Renaissance Technologies LLC owned 6.15% of JAKKS Pacific worth $2,230,000 at the end of the most recent quarter. 25.99% of the stock is currently owned by institutional investors and hedge funds.

About JAKKS Pacific

JAKKS Pacific, Inc develops, produces, and markets consumer products worldwide. The company operates through three segments: U.S. and Canada, International, and Halloween. It offers action figures and accessories, such as licensed characters; toy vehicles and accessories; dolls and accessories, including small, large, fashion, and baby dolls based on licenses, as well as infant and pre-school products; private label products; and foot-to-floor ride-on products, inflatable environments, tents, and wagons.

Further Reading: Ex-Dividend

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