Short Interest in JAKKS Pacific, Inc. (NASDAQ:JAKK) Expands By 7.1%

JAKKS Pacific, Inc. (NASDAQ:JAKK) was the recipient of a large increase in short interest in the month of June. As of June 30th, there was short interest totalling 2,163,700 shares, an increase of 7.1% from the May 30th total of 2,020,600 shares. Based on an average daily trading volume, of 61,700 shares, the days-to-cover ratio is presently 35.1 days. Currently, 12.3% of the shares of the stock are short sold.

Several equities analysts have commented on the stock. Zacks Investment Research lowered shares of Horiba from a “hold” rating to a “sell” rating in a report on Wednesday, May 22nd. ValuEngine lowered shares of Yext from a “strong-buy” rating to a “buy” rating in a report on Friday, May 10th.

Shares of JAKKS Pacific stock opened at $0.95 on Wednesday. The company has a market cap of $26.44 million, a price-to-earnings ratio of -0.76 and a beta of 1.32. The company has a quick ratio of 1.27, a current ratio of 1.67 and a debt-to-equity ratio of 7.11. The firm’s 50 day moving average is $0.74. JAKKS Pacific has a 1 year low of $0.51 and a 1 year high of $2.90.

JAKKS Pacific (NASDAQ:JAKK) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($1.00) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.56) by ($0.44). The company had revenue of $70.83 million for the quarter, compared to the consensus estimate of $78.65 million. JAKKS Pacific had a negative net margin of 6.47% and a negative return on equity of 77.24%. As a group, equities research analysts predict that JAKKS Pacific will post -0.93 EPS for the current year.

An institutional investor recently raised its position in JAKKS Pacific stock. Citigroup Inc. boosted its holdings in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) by 81.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 146,282 shares of the company’s stock after acquiring an additional 65,543 shares during the quarter. Citigroup Inc. owned 0.50% of JAKKS Pacific worth $215,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 42.22% of the company’s stock.

JAKKS Pacific Company Profile

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.

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