Spin Master Corp. (OTCMKTS:SNMSF) Sees Large Drop in Short Interest

Spin Master Corp. (OTCMKTS:SNMSF) was the recipient of a large decrease in short interest in March. As of March 15th, there was short interest totalling 167,800 shares, a decrease of 45.3% from the February 29th total of 306,800 shares. Based on an average daily volume of 1,600 shares, the short-interest ratio is presently 104.9 days.

Spin Master Price Performance

OTCMKTS SNMSF remained flat at $25.24 on Thursday. Spin Master has a 1-year low of $23.40 and a 1-year high of $29.19. The firm has a fifty day moving average of $25.09 and a 200-day moving average of $25.26.

Spin Master Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, April 12th. Investors of record on Thursday, March 28th will be issued a dividend of $0.0442 per share. This is a positive change from Spin Master’s previous dividend of $0.04. This represents a yield of 0.72%. The ex-dividend date of this dividend is Wednesday, March 27th.

Analyst Ratings Changes

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

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.