Mattel (MAT): Price Target and June Short Interest Disclosure

Mattel (MAT) : 10 Wall Street analysts covering Mattel (MAT) believe that the average level the stock could reach for the short term is $33.6. The maximum price target given is $38 and the minimum target for short term is around $28, hence the standard deviation is calculated at $3.63.

Mattel (MAT) encountered a drop of 5.2% or -1,812,533 shares in the short positions. The number dropped from 34,730,076 on June 15,2016 to 32,917,543 on June 30,2016. The final interest is 9.7% of the floated stock. The days to cover figure of 8 can be arrived using the average daily exchange of 4,150,416 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, JP Morgan initiates coverage on Mattel (NASDAQ:MAT). The rating major has initiated the coverage with overweight rating on the shares. The Analysts at JP Morgan announces a current price target of $38 per share. The rating by the firm was issued on April 7, 2016.


Mattel (NASDAQ:MAT): On Thursdays trading session , Opening price of the stock was $33.54 with an intraday high of $33.65. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $32.86. However, the stock managed to close at $32.92, a loss of 0.96% for the day. On the previous day, the stock had closed at $33.24. The total traded volume of the day was 3,365,776 shares.

MATTEL, INC. designs, manufactures, and markets a variety of toy products around the world, which are sold to its customers and directly to consumers. The Company operates through three segments: North America, which consists of the United States and Canada, International, and American Girl. The Companys North America segment markets and sells toys in the United States and Canada through the Mattel Girls & Boys Brands, Fisher-Price Brands, and Construction and Arts & Crafts Brands categories. The Companys International segment products are developed and marketed by the North America segment, although some are developed or adapted for particular international markets. The Companys American Girl segment is a direct marketer, childrens publisher, and retailer for its line of historical dolls, books, and accessories, as well as the My American Girl and Bitty Baby brands. American Girl also publishes Advice & Activity books and American Girl magazine.

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