Funko, Inc. (NASDAQ:FNKO) Short Interest Down 21.0% in March

Funko, Inc. (NASDAQ:FNKO - Get Free Report) saw a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 3,230,000 shares, a decrease of 21.0% from the March 15th total of 4,090,000 shares. Approximately 9.1% of the company's stock are sold short. Based on an average daily trading volume, of 1,020,000 shares, the days-to-cover ratio is presently 3.2 days.

Funko Stock Performance

FNKO stock traded down $0.07 during trading hours on Wednesday, hitting $4.07. 1,018,705 shares of the stock were exchanged, compared to its average volume of 739,746. Funko has a 12 month low of $3.90 and a 12 month high of $14.65. The company has a current ratio of 0.96, a quick ratio of 0.64 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $221.96 million, a P/E ratio of -8.48 and a beta of 0.75. The company has a 50-day simple moving average of $7.83 and a two-hundred day simple moving average of $10.84.

Insider Activity

In other news, insider Andrew David Oddie sold 3,867 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $8.87, for a total value of $34,300.29. Following the completion of the sale, the insider now directly owns 23,200 shares of the company's stock, valued at $205,784. This trade represents a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Tracy D. Daw sold 18,608 shares of Funko stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $7.14, for a total value of $132,861.12. Following the transaction, the insider now owns 26,332 shares of the company's stock, valued at $188,010.48. This represents a 41.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,628 shares of company stock valued at $238,781. 4.81% of the stock is owned by insiders.

Hedge Funds Weigh In On Funko

A number of hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Funko by 4.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,783 shares of the company's stock valued at $238,000 after acquiring an additional 828 shares in the last quarter. Rhumbline Advisers lifted its holdings in Funko by 1.9% during the 4th quarter. Rhumbline Advisers now owns 50,050 shares of the company's stock worth $670,000 after buying an additional 951 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Funko by 6.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 41,181 shares of the company's stock worth $552,000 after buying an additional 2,413 shares during the period. Invesco Ltd. grew its position in shares of Funko by 1.8% in the 4th quarter. Invesco Ltd. now owns 150,771 shares of the company's stock valued at $2,019,000 after buying an additional 2,668 shares during the last quarter. Finally, New York State Teachers Retirement System bought a new position in shares of Funko during the fourth quarter worth about $38,000. 99.15% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Stifel Nicolaus upped their price objective on shares of Funko from $11.00 to $12.00 and gave the company a "hold" rating in a report on Friday, January 3rd. DA Davidson raised shares of Funko to a "strong-buy" rating in a report on Monday, April 14th.

Funko Company Profile

Funko, Inc, a pop culture consumer products company, designs, sources, and distributes licensed pop culture products in the United States, Europe, and internationally. The company provides media and entertainment content, including movies, television (TV) shows, video games, music, and sports; figures, handbags, backpacks, wallets, apparel, accessories, plush products, homewares, and digital non-fungible tokens; and art prints and vinyl records, posters, soundtracks, toys, books, games, and other collectibles.