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

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

Spin Master Stock Down 1.3 %

Shares of SNMSF traded down $0.29 during trading hours on Friday, hitting $22.21. The company had a trading volume of 528 shares, compared to its average volume of 3,377. The stock’s 50 day moving average price is $24.39 and its 200 day moving average price is $25.07. Spin Master has a 52-week low of $22.19 and a 52-week high of $28.90.

Spin Master Increases Dividend

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

Analyst Upgrades and Downgrades

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

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.