Funko, Inc. (NASDAQ:FNKO) Short Interest Update

Funko, Inc. (NASDAQ:FNKO) was the target of a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 5,064,428 shares, a decrease of 12.5% from the January 15th total of 5,788,785 shares. Based on an average daily volume of 1,199,220 shares, the short-interest ratio is currently 4.2 days. Currently, 9.5% of the shares of the stock are short sold. Currently, 9.5% of the shares of the stock are short sold. Based on an average daily volume of 1,199,220 shares, the short-interest ratio is currently 4.2 days.

Hedge Funds Weigh In On Funko

Large investors have recently bought and sold shares of the business. SG Americas Securities LLC bought a new position in Funko in the 4th quarter valued at $37,000. CWM LLC boosted its stake in shares of Funko by 571.4% during the second quarter. CWM LLC now owns 13,528 shares of the company’s stock valued at $64,000 after purchasing an additional 11,513 shares during the period. Brown Brothers Harriman & Co. bought a new position in shares of Funko in the third quarter worth about $86,000. Parcion Private Wealth LLC grew its holdings in shares of Funko by 64.8% in the second quarter. Parcion Private Wealth LLC now owns 19,525 shares of the company’s stock worth $93,000 after purchasing an additional 7,675 shares during the last quarter. Finally, PharVision Advisers LLC purchased a new position in Funko in the 3rd quarter worth about $126,000. Hedge funds and other institutional investors own 99.15% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on FNKO shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Funko in a research report on Thursday, January 22nd. Wall Street Zen raised Funko from a “sell” rating to a “hold” rating in a report on Sunday, November 16th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Funko has an average rating of “Hold” and an average target price of $4.75.

Funko Price Performance

FNKO stock opened at $3.59 on Tuesday. The stock has a market cap of $198.85 million, a PE ratio of -2.83 and a beta of 0.58. Funko has a 12 month low of $2.22 and a 12 month high of $14.15. The company has a 50-day moving average price of $3.60 and a 200 day moving average price of $3.35. The company has a current ratio of 0.66, a quick ratio of 0.44 and a debt-to-equity ratio of 0.01.

About Funko

Funko, Inc is a pop culture consumer products company best known for its stylized vinyl figures, apparel, accessories and other licensed collectible goods. The company’s signature product line, Funko Pop!, features bobblehead-style figurines that showcase characters from a wide array of entertainment franchises, including film, television, gaming, sports and music. In addition to vinyl figurines, Funko’s portfolio encompasses plush toys, action figures, stationery, home goods and novelty items, all leveraging licensing agreements with major global brands.

Founded in 1998 by Mike Becker in Washington state, Funko initially focused on creating nostalgic bobbleheads before expanding its product offerings under current leadership.