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Funko, Inc. (NASDAQ:FNKO) Short Interest Update

Last updated on Sunday, November 22, 2020 | 2020 MarketBeat

Funko, Inc. (NASDAQ:FNKO) saw a significant growth in short interest in the month of October. As of October 30th, there was short interest totalling 4,060,000 shares, a growth of 15.7% from the October 15th total of 3,510,000 shares. Based on an average daily trading volume, of 646,500 shares, the days-to-cover ratio is currently 6.3 days. Currently, 21.7% of the company's shares are short sold.

Funko stock opened at $8.53 on Friday. The company has a fifty day simple moving average of $6.58 and a 200-day simple moving average of $5.90. The firm has a market capitalization of $423.53 million, a price-to-earnings ratio of -31.59 and a beta of 2.25. The company has a quick ratio of 1.15, a current ratio of 1.63 and a debt-to-equity ratio of 0.67. Funko has a 52-week low of $3.12 and a 52-week high of $17.76.

Funko (NASDAQ:FNKO) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.31 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.26. The firm had revenue of $191.23 million for the quarter, compared to analyst estimates of $169.10 million. Funko had a negative net margin of 1.54% and a positive return on equity of 2.27%. On average, research analysts anticipate that Funko will post -0.09 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of FNKO. Advisor Group Holdings Inc. purchased a new position in Funko during the 1st quarter worth $32,000. BNP Paribas Arbitrage SA grew its holdings in shares of Funko by 444.6% during the third quarter. BNP Paribas Arbitrage SA now owns 5,484 shares of the company's stock worth $32,000 after buying an additional 4,477 shares in the last quarter. UBS Group AG grew its holdings in shares of Funko by 240.0% during the second quarter. UBS Group AG now owns 6,869 shares of the company's stock worth $40,000 after buying an additional 4,849 shares in the last quarter. ExodusPoint Capital Management LP purchased a new stake in Funko in the third quarter valued at approximately $73,000. Finally, American International Group Inc. grew its holdings in Funko by 13.4% in the second quarter. American International Group Inc. now owns 14,698 shares of the company's stock valued at $85,000 after purchasing an additional 1,737 shares during the period. 52.74% of the stock is currently owned by institutional investors.

Several equities analysts have recently issued reports on FNKO shares. ValuEngine lowered shares of Funko from a "strong-buy" rating to a "buy" rating in a report on Sunday, November 8th. Zacks Investment Research lowered Funko from a "hold" rating to a "sell" rating in a research note on Thursday, November 12th. Finally, BidaskClub downgraded Funko from a "hold" rating to a "sell" rating in a research note on Monday, November 2nd. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company's stock. Funko currently has an average rating of "Hold" and an average price target of $9.98.

About Funko

Funko, Inc, a pop culture consumer products company, designs, sources, and distributes licensed pop culture products in the United States and internationally. The company offers vinyl, blind-packed miniature, and action figures; plush products; accessories; apparels, such as t-shirts and hats; homewares, including drinkware, party lights and other home accessories; and bags, purses and wallets, and board games.

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