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

Spin Master Corp. (OTCMKTS:SNMSF) was the target of a significant growth in short interest in 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 volume of 600 shares, the short-interest ratio is currently 342.5 days.

Spin Master Stock Down 0.2 %

Shares of OTCMKTS SNMSF traded down $0.05 during midday trading on Monday, reaching $22.16. 748 shares of the stock were exchanged, compared to its average volume of 3,327. The company has a 50 day simple moving average of $24.39 and a 200 day simple moving average of $25.07. Spin Master has a twelve month low of $22.16 and a twelve month high of $28.90.

Spin Master Increases Dividend

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

Wall Street Analyst Weigh In

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

About Spin Master

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.