JAKKS Pacific, Inc. (NASDAQ:JAKK – Get Free Report) saw a large decline in short interest in July. As of July 31st, there was short interest totalling 490,600 shares, a decline of 7.7% from the July 15th total of 531,700 shares. Based on an average daily volume of 95,700 shares, the short-interest ratio is currently 5.1 days.
JAKKS Pacific Price Performance
Shares of NASDAQ JAKK opened at $23.09 on Wednesday. The firm’s 50-day moving average is $19.49 and its two-hundred day moving average is $22.31. The company has a market capitalization of $249.40 million, a PE ratio of 8.49 and a beta of 2.37. JAKKS Pacific has a 12-month low of $15.30 and a 12-month high of $36.84.
Insiders Place Their Bets
In related news, major shareholder Lawrence I. Rosen purchased 10,088 shares of the business’s stock in a transaction dated Friday, June 21st. The stock was acquired at an average price of $17.58 per share, for a total transaction of $177,347.04. Following the acquisition, the insider now directly owns 1,885,672 shares of the company’s stock, valued at approximately $33,150,113.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 3.20% of the company’s stock.
Institutional Investors Weigh In On JAKKS Pacific
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the company. StockNews.com downgraded JAKKS Pacific from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Small Cap Consu upgraded JAKKS Pacific to a “strong-buy” rating in a research report on Tuesday, July 16th.
Read Our Latest Report on JAKK
About JAKKS Pacific
JAKKS Pacific, Inc designs, produces, markets, sells, and distributes toys and related products, electronic products, and other consumer products worldwide. It operates through two segments, Toys/Consumer Products and Costumes. The company 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.
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