Spin Master Corp. (OTCMKTS:SNMSF) Sees Significant Growth in Short Interest

Spin Master Corp. (OTCMKTS:SNMSF) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 205,500 shares, a growth of 23.8% from the March 31st total of 166,000 shares. Based on an average daily trading volume, of 600 shares, the days-to-cover ratio is presently 342.5 days.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada decreased their price target on shares of Spin Master from $50.00 to $46.00 and set an “outperform” rating on the stock in a research note on Monday, March 18th.

Spin Master Trading Down 0.2 %

Shares of OTCMKTS:SNMSF traded down $0.05 during midday trading on Monday, reaching $22.16. 748 shares of the company were exchanged, compared to its average volume of 3,327. Spin Master has a fifty-two week low of $22.16 and a fifty-two week high of $28.90. The stock has a fifty day simple moving average of $24.39 and a two-hundred day simple moving average of $25.07.

Spin Master Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 28th were issued a dividend of $0.0442 per share. This represents a dividend yield of 0.72%. This is a positive change from Spin Master’s previous dividend of $0.04. The ex-dividend date was Wednesday, March 27th.

Spin Master Company Profile

Spin Master Corp., a children's entertainment company, engages in the creation, design, manufacture, licensing, and marketing of various toys, entertainment products, and digital games in North America, Europe, and internationally. The Toys segment's product categories include activities, games and puzzles, and plush; wheels and action; outdoor; and preschool, dolls, and interactive products.