Spin Master Corp. (OTCMKTS:SNMSF) Short Interest Update

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

Wall Street Analysts Forecast Growth

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 on the stock in a report on Monday, March 18th.

Spin Master Trading Down 0.2 %

Shares of SNMSF opened at $22.16 on Tuesday. Spin Master has a fifty-two week low of $22.16 and a fifty-two week high of $28.90. The firm has a 50-day simple moving average of $24.32 and a 200-day simple moving average of $25.03.

Spin Master Increases Dividend

The business also recently announced a dividend, which was paid on Friday, April 12th. Shareholders of record on Thursday, March 28th were paid a $0.0442 dividend. This is an increase from Spin Master’s previous dividend of $0.04. This represents a dividend yield of 0.72%. 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.