Mattel Short Interest Down 29.9% in April (MAT)
Shares of Mattel (NASDAQ:MAT) were the recipient of a large decrease in short interest in the month of April. As of April 30th, there was short interest totalling 10,937,304 shares, a decrease of 29.9% from the April 15th total of 15,604,310 shares, American Banking & Market News reports. Based on an average daily volume of 4,597,462 shares, the days-to-cover ratio is currently 2.4 days. Currently, 3.2% of the shares of the company are short sold.
A number of analysts have recently weighed in on MAT shares. Analysts at Needham & Company LLC cut their price target on shares of Mattel from $45.00 to $41.00 in a research note on Monday, April 21st. They now have a “buy” rating on the stock. Separately, analysts at B. Riley cut their price target on shares of Mattel from $41.00 to $39.00 in a research note on Monday, April 21st. They now have a “neutral” rating on the stock. Finally, analysts at Barclays cut their price target on shares of Mattel from $40.00 to $39.00 in a research note on Monday, April 21st.
Shares of Mattel (NASDAQ:MAT) opened at 39.27 on Thursday. Mattel has a 52 week low of $34.98 and a 52 week high of $47.94. The stock has a 50-day moving average of $38.88 and a 200-day moving average of $41.41. The company has a market cap of $13.322 billion and a P/E ratio of 16.19.
Mattel, Inc (NASDAQ:MAT) designs, manufactures and markets a variety of toy products worldwide which are sold to its customers and directly to consumers.
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