Spin Master Corp. (OTCMKTS:SNMSF) Sees Large Increase in Short Interest
by Scott Moore · The Cerbat GemSpin Master Corp. (OTCMKTS:SNMSF – Get Free Report) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 361,272 shares, an increase of 77.1% from the June 30th total of 204,042 shares. Based on an average daily trading volume, of 8,558 shares, the short-interest ratio is presently 42.2 days.
Wall Street Analysts Forecast Growth
Separately, Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Spin Master in a research note on Friday. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.
Read Our Latest Report on Spin Master
Spin Master Stock Performance
SNMSF traded down $0.11 on Friday, hitting $14.68. 3,557 shares of the company were exchanged, compared to its average volume of 15,392. The stock’s fifty day moving average is $14.37 and its 200-day moving average is $14.00. Spin Master has a 12 month low of $12.65 and a 12 month high of $16.94.
Spin Master Company Profile
Spin Master is a diversified global children’s entertainment company specializing in the design, development and marketing of toys, games and digital content. The company’s product portfolio spans a broad range of categories, including action figures, preschool toys, outdoor and lifestyle toys, puzzles and games. Beyond traditional play patterns, Spin Master has expanded its reach into interactive and technology-driven products that engage children across physical and digital platforms.
Among its signature brands are PAW Patrol, the animated rescue pup franchise that has become a staple of children’s programming and merchandising worldwide; Hatchimals, the line of interactive creatures that debuted in 2016; and Air Hogs, known for innovative remote-control vehicles.