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

Spin Master Corp. (OTCMKTS:SNMSF) saw a large growth in short interest in 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 trading volume of 600 shares, the short-interest ratio is presently 342.5 days.

Wall Street Analysts Forecast Growth

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

Spin Master Stock Performance

SNMSF traded down $0.29 during trading on Friday, reaching $22.21. The company had a trading volume of 528 shares, compared to its average volume of 3,377. Spin Master has a 12 month low of $22.19 and a 12 month high of $28.90. The business’s fifty day moving average price is $24.39 and its 200 day moving average price is $25.07.

Spin Master Increases Dividend

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

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.