JAKKS Pacific, Inc. (NASDAQ:JAKK) saw a significant increase in short interest in January. As of January 31st, there was short interest totalling 3,807,422 shares, an increase of 32.6% from the January 12th total of 2,872,329 shares. Currently, 24.5% of the company’s stock are short sold. Based on an average daily volume of 346,454 shares, the days-to-cover ratio is currently 11.0 days.

Shares of JAKKS Pacific (NASDAQ JAKK) opened at $2.30 on Wednesday. JAKKS Pacific has a 52-week low of $2.20 and a 52-week high of $5.85. The stock has a market capitalization of $63.42, a PE ratio of -0.76, a PEG ratio of 4.55 and a beta of 0.69. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.54 and a current ratio of 1.96.

Several hedge funds and other institutional investors have recently made changes to their positions in JAKK. Renaissance Technologies LLC increased its holdings in JAKKS Pacific by 9.6% in the fourth quarter. Renaissance Technologies LLC now owns 2,069,500 shares of the company’s stock valued at $4,863,000 after buying an additional 182,100 shares during the last quarter. Spark Investment Management LLC bought a new stake in JAKKS Pacific in the fourth quarter valued at about $114,000. Virtu Financial LLC bought a new stake in JAKKS Pacific in the fourth quarter valued at about $149,000. Wells Fargo & Company MN increased its holdings in JAKKS Pacific by 41.3% in the fourth quarter. Wells Fargo & Company MN now owns 73,374 shares of the company’s stock valued at $172,000 after buying an additional 21,463 shares during the last quarter. Finally, Walthausen & Co. LLC increased its holdings in JAKKS Pacific by 668.6% in the third quarter. Walthausen & Co. LLC now owns 774,300 shares of the company’s stock valued at $2,323,000 after buying an additional 673,560 shares during the last quarter. 56.19% of the stock is currently owned by institutional investors and hedge funds.

JAKK has been the topic of a number of analyst reports. Zacks Investment Research lowered JAKKS Pacific from a “hold” rating to a “sell” rating in a research report on Monday, January 22nd. Stifel Nicolaus dropped their target price on JAKKS Pacific from $4.50 to $3.30 and set a “hold” rating on the stock in a research report on Monday, October 30th. BMO Capital Markets reaffirmed a “hold” rating and set a $3.50 target price on shares of JAKKS Pacific in a research report on Monday, November 27th. Finally, DA Davidson raised JAKKS Pacific from an “underperform” rating to a “neutral” rating in a research report on Monday, October 30th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating and five have given a hold rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $3.51.

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JAKKS Pacific Company Profile

JAKKS Pacific, Inc is a multi-line, multi-brand toy company. The Company designs, produces, markets and distributes toys and related products, pet toys, consumables and related products, electronics and related products, kids indoor and outdoor furniture, and other consumer products. The Company operates through two business segments: traditional toys and electronics, and role play, novelty and seasonal toys.

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