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

JAKKS Pacific, Inc. (NASDAQ:JAKK) was the target of a large decline in short interest during the month of July. As of July 15th, there was short interest totalling 309,800 shares, a decline of 94.4% from the June 30th total of 5,570,000 shares. Currently, 15.3% of the shares of the company are sold short. Based on an average trading volume of 376,600 shares, the days-to-cover ratio is currently 0.8 days.

Shares of JAKK opened at $5.46 on Friday. The stock has a fifty day moving average price of $3.04 and a 200 day moving average price of $1.27. The company has a debt-to-equity ratio of 49.89, a quick ratio of 1.44 and a current ratio of 1.70. JAKKS Pacific has a 12 month low of $3.00 and a 12 month high of $14.60.

JAKKS Pacific (NASDAQ:JAKK) last issued 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 company had revenue of $78.76 million for the quarter, compared to the consensus estimate of $70.20 million. JAKKS Pacific had a negative return on equity of 214.89% and a negative net margin of 6.88%. On average, equities analysts forecast that JAKKS Pacific will post -9.81 EPS for the current fiscal year.

JAKK has been the subject of a number of research analyst reports. Zacks Investment Research upgraded 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. ValuEngine downgraded JAKKS Pacific from a “buy” rating to a “hold” rating in a research note on Friday, July 10th.

An institutional investor recently raised its position in JAKKS Pacific stock. Renaissance Technologies LLC grew its holdings in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) by 1.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,164,680 shares of the company’s stock after acquiring an additional 35,200 shares during the quarter. Renaissance Technologies LLC owned about 6.15% of JAKKS Pacific worth $2,230,000 as of its most recent SEC filing. 25.99% of the stock is currently owned by hedge funds and other institutional investors.

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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