Mattel (NASDAQ:MAT) reported a rise of 0.9% or 318,194 shares in its short interest. The short figure came in at 10.2% of the total floats. The average daily volume of 2,499,504 shares suggests that the days to cover 34,730,076 short positions, as on June 15,2016, will be 14. On May 31,2016, the short interest was 34,411,882 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Mattel (NASDAQ:MAT): The stock opened at $31.29 on Friday but the bulls could not build on the opening and the stock topped out at $31.63 for the day. The stock traded down to $29.67 during the day, due to lack of any buying support eventually closed down at $29.76 with a loss of -8.09% for the day. The stock had closed at $32.38 on the previous day. The total traded volume was 13,933,783 shares.
The company shares have rallied 14.90% from its 1 Year high price. On Apr 18, 2016, the shares registered one year high at $34.76 and the one year low was seen on Oct 2, 2015. The 50-Day Moving Average price is $31.36 and the 200 Day Moving Average price is recorded at $30.56.
Mattel (NASDAQ:MAT) has tumbled 6.27% during the past week and has dropped 6.36% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 4.71%. Mattel (NASDAQ:MAT) has underperformed the index by 3.52% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
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.