Will Mattel Incorporated (NASDAQ:MAT) Run Out of Steam Soon? Short Interest Is Down

February 15, 2018 - By Michael Collier

 Will Mattel Incorporated (NASDAQ:MAT) Run Out of Steam Soon? Short Interest Is Down

Investors sentiment decreased to 0.79 in Q3 2017. Its down 0.19, from 0.98 in 2017Q2. It dived, as 72 investors sold Mattel, Inc. shares while 132 reduced holdings. 36 funds opened positions while 126 raised stakes. 359.18 million shares or 14.87% more from 312.67 million shares in 2017Q2 were reported.
Washington Trust Retail Bank reported 15,659 shares or 0.04% of all its holdings. Raymond James Assocs reported 19,897 shares stake. Pettyjohn Wood White, Virginia-based fund reported 13,775 shares. Chevy Chase Tru Holdings has 298,913 shares for 0.02% of their portfolio. Ubs Asset Mgmt Americas Inc accumulated 0.02% or 1.10M shares. New York State Teachers Retirement System accumulated 551,053 shares. Advisers Ltd stated it has 0% of its portfolio in Mattel, Inc. (NASDAQ:MAT). Bollard Gru Limited Liability invested 0% of its portfolio in Mattel, Inc. (NASDAQ:MAT). Moreover, Schafer Cullen Capital Mgmt has 0.01% invested in Mattel, Inc. (NASDAQ:MAT). State Street has 14.25 million shares for 0.02% of their portfolio. Wells Fargo Mn invested in 1.21 million shares or 0.01% of the stock. Commonwealth Natl Bank Of reported 0.01% of its portfolio in Mattel, Inc. (NASDAQ:MAT). California State Teachers Retirement holds 0.02% or 614,168 shares. 48,825 are held by Inv Advsrs. Citigroup, New York-based fund reported 286,172 shares.

The stock of Mattel Incorporated (NASDAQ:MAT) registered a decrease of 9.26% in short interest. MAT’s total short interest was 68.67M shares in February as published by FINRA. Its down 9.26% from 75.68 million shares, reported previously. With 7.27M shares average volume, it will take short sellers 9 days to cover their MAT’s short positions. The short interest to Mattel Incorporated’s float is 20.08%.

The stock increased 2.91% or $0.4801 during the last trading session, reaching $16.9901. About 2.36 million shares traded. Mattel, Inc. (NASDAQ:MAT) has declined 26.92% since February 15, 2017 and is downtrending. It has underperformed by 43.62% the S&P500.

Mattel, Inc. designs, manufactures, and markets a range of toy products worldwide. The company has market cap of $5.84 billion. The firm operates in three divisions: North America, International, and American Girl. It currently has negative earnings. It offers dolls and accessories, vehicles and play sets, and games and puzzles under the Mattel Girls & Boys brands, including Barbie, Monster High, Ever After High, Polly Pocket, DC Super Hero Girl, Disney Classics, Hot Wheels, Matchbox, CARS, DC Comics, WWE Wrestling, Minecraft, Max Steel, Little Mommy, BOOMco., and Toy Story.

Mattel, Inc. (NASDAQ:MAT) Ratings Coverage

Among 18 analysts covering Mattel Inc. (NASDAQ:MAT), 7 have Buy rating, 0 Sell and 11 Hold. Therefore 39% are positive. Mattel Inc. had 63 analyst reports since July 28, 2015 according to SRatingsIntel. Stifel Nicolaus maintained Mattel, Inc. (NASDAQ:MAT) on Monday, February 5 with “Hold” rating. Piper Jaffray maintained it with “Neutral” rating and $22 target in Friday, August 14 report. As per Thursday, March 24, the company rating was initiated by UBS. The rating was maintained by Jefferies with “Hold” on Thursday, September 21. Jefferies initiated the shares of MAT in report on Friday, December 4 with “Buy” rating. The stock has “Hold” rating by FBR Capital on Friday, February 2. M Partners upgraded the stock to “Buy” rating in Monday, October 10 report. As per Monday, October 30, the company rating was maintained by Stifel Nicolaus. The stock has “Hold” rating by Jefferies on Thursday, July 20. The stock of Mattel, Inc. (NASDAQ:MAT) earned “Hold” rating by Stifel Nicolaus on Tuesday, September 5.

More notable recent Mattel, Inc. (NASDAQ:MAT) news were published by: Investorplace.com which released: “Mattel, Inc. Is an Acquisitions Play and Nothing More” on February 07, 2018, also Fool.com with their article: “Why Mattel, Inc. Stock Was Sliding Today” published on February 08, 2018, Prnewswire.com published: “Long-Term Mattel (MAT) Investors: Johnson Fistel Investigates Mattel, Inc …” on February 10, 2018. More interesting news about Mattel, Inc. (NASDAQ:MAT) were released by: Fool.com and their article: “Is Mattel Inc. a Buy?” published on February 12, 2018 as well as Cnbc.com‘s news article titled: “Mattel doubles down on Uno with a new card game called Dos” with publication date: February 13, 2018.

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