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Shares of Dreamworks Animation Skg (NASDAQ:DWA) saw a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 10,293,876 shares, a drop of 12.2% from the March 31st total of 11,723,226 shares, Stock Ratings Network reports. Approximately 15.6% of the shares of the company are short sold. Based on an average daily trading volume, of 1,086,764 shares, the days-to-cover ratio is currently 9.5 days.

A number of analysts have recently weighed in on DWA shares. Analysts at Bank of America downgraded shares of Dreamworks Animation Skg to an “underperform” rating in a research note on Monday, April 28th. Separately, analysts at Cowen and Company cut their price target on shares of Dreamworks Animation Skg from $35.00 to $21.00 in a research note on Monday, March 10th. Finally, analysts at B. Riley cut their price target on shares of Dreamworks Animation Skg from $37.00 to $32.00 in a research note on Monday, March 10th. They now have a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. Dreamworks Animation Skg currently has an average rating of “Hold” and an average target price of $26.67.

Dreamworks Animation Skg (NASDAQ:DWA) opened at 24.53 on Monday. Dreamworks Animation Skg has a 52 week low of $20.78 and a 52 week high of $36.01. The stock’s 50-day moving average is $26.78 and its 200-day moving average is $30.99. The company has a market cap of $2.076 billion and a price-to-earnings ratio of 332.27.

DreamWorks Animation SKG, Inc (NASDAQ:DWA) is engaged in the development, production and exploitation of animated films and their associated characters in the worldwide theatrical, home entertainment, television, merchandising and licensing and other markets.

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