Short Interest in Mattel Increases By 26.8% (MAT)
Shares of Mattel (NASDAQ:MAT) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 12,341,270 shares, a growth of 26.8% from the July 15th total of 9,730,362 shares, AnalystRatings.NET reports. Based on an average daily volume of 4,645,132 shares, the short-interest ratio is currently 2.7 days. Approximately 3.7% of the shares of the stock are sold short.
A number of research firms have recently commented on MAT. Analysts at Needham & Company LLC downgraded shares of Mattel to a “hold” rating in a research note on Friday, July 18th. Analysts at MKM Partners raised their price target on shares of Mattel from $44.00 to $45.00 in a research note on Thursday, July 10th. One research analyst has rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. Mattel has a consensus rating of “Hold” and an average target price of $39.00.
Mattel (NASDAQ:MAT) traded down 0.17% on Monday, hitting $35.72. 1,226,182 shares of the company’s stock traded hands. Mattel has a 52-week low of $34.88 and a 52-week high of $47.94. The stock’s 50-day moving average is $37.50 and its 200-day moving average is $38.27. The company has a market cap of $12.068 billion and a price-to-earnings ratio of 15.33.
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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