Short Interest in JAKKS Pacific, Inc. (NASDAQ:JAKK) Increases By 18.7%

JAKKS Pacific, Inc. (NASDAQ:JAKK - Get Free Report) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totalling 211,800 shares, an increase of 18.7% from the December 31st total of 178,500 shares. Based on an average daily volume of 92,800 shares, the days-to-cover ratio is currently 2.3 days.

JAKKS Pacific Trading Up 6.7 %

NASDAQ:JAKK traded up $2.02 during mid-day trading on Wednesday, hitting $32.37. 113,819 shares of the company's stock traded hands, compared to its average volume of 87,232. The firm has a 50 day moving average of $28.05 and a two-hundred day moving average of $26.03. JAKKS Pacific has a 12 month low of $17.06 and a 12 month high of $36.35. The firm has a market capitalization of $355.75 million, a price-to-earnings ratio of 11.91 and a beta of 2.22.

Insider Buying and Selling at JAKKS Pacific

In related news, CFO John Louis Kimble sold 48,253 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $27.62, for a total transaction of $1,332,747.86. Following the completion of the transaction, the chief financial officer now owns 95,544 shares in the company, valued at $2,638,925.28. The trade was a 33.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.50% of the stock is owned by insiders.

Institutional Trading of JAKKS Pacific

Hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp raised its stake in shares of JAKKS Pacific by 1.5% in the 4th quarter. Bank of New York Mellon Corp now owns 57,989 shares of the company's stock valued at $1,632,000 after purchasing an additional 831 shares during the period. Kovack Advisors Inc. raised its stake in shares of JAKKS Pacific by 5.8% in the 3rd quarter. Kovack Advisors Inc. now owns 19,100 shares of the company's stock valued at $487,000 after purchasing an additional 1,050 shares during the period. Empowered Funds LLC raised its stake in shares of JAKKS Pacific by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 54,413 shares of the company's stock valued at $1,389,000 after purchasing an additional 2,680 shares during the period. Heck Capital Advisors LLC acquired a new stake in shares of JAKKS Pacific in the fourth quarter valued at about $89,000. Finally, Sei Investments Co. increased its position in shares of JAKKS Pacific by 50.9% in the second quarter. Sei Investments Co. now owns 13,335 shares of the company's stock valued at $239,000 after acquiring an additional 4,500 shares during the last quarter. Institutional investors own 44.38% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on JAKK. StockNews.com raised JAKKS Pacific from a "hold" rating to a "buy" rating in a research note on Friday, November 1st. B. Riley boosted their price objective on JAKKS Pacific from $37.00 to $41.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $41.67.

JAKKS Pacific Company Profile

JAKKS Pacific, Inc designs, produces, markets, sells, and distributes toys and related products, electronic products, and other consumer products worldwide. It operates through two segments, Toys/Consumer Products and Costumes. The company offers action figures and accessories, such as licensed characters; toy vehicles and accessories; dolls and accessories, including small, large, fashion, and baby dolls based on licenses, as well as infant and pre-school products; private label products; and foot-to-floor ride-on products.