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

Funko, Inc. (NASDAQ:FNKO) saw a large drop in short interest in March. As of March 31st, there was short interest totalling 3,230,000 shares, a drop of 21.0% from the March 15th total of 4,090,000 shares. Based on an average daily volume of 1,020,000 shares, the short-interest ratio is currently 3.2 days. Currently, 9.1% of the shares of the stock are short sold.

Funko Stock Performance

Shares of Funko stock opened at $4.37 on Monday. The firm has a market cap of $238.32 million, a PE ratio of -9.10 and a beta of 0.75. The company has a quick ratio of 0.64, a current ratio of 0.96 and a debt-to-equity ratio of 0.44. Funko has a 52 week low of $3.90 and a 52 week high of $14.65. The business’s fifty day simple moving average is $8.41 and its 200-day simple moving average is $10.99.

Analyst Ratings Changes

FNKO has been the topic of several analyst reports. DA Davidson upgraded Funko to a “strong-buy” rating in a report on Monday, April 14th. Stifel Nicolaus boosted their target price on shares of Funko from $11.00 to $12.00 and gave the company a “hold” rating in a report on Friday, January 3rd.

Insider Buying and Selling at Funko

In other Funko news, Director Jason Harinstein bought 15,000 shares of the firm’s stock in a transaction on Monday, March 17th. The shares were acquired at an average cost of $7.09 per share, with a total value of $106,350.00. Following the purchase, the director now directly owns 15,000 shares of the company’s stock, valued at $106,350. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Tracy D. Daw sold 18,608 shares of the business’s 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 in the company, valued at approximately $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 have sold 29,959 shares of company stock worth $227,640. Corporate insiders own 4.81% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of FNKO. Assenagon Asset Management S.A. increased its position in shares of Funko by 952.8% during the first quarter. Assenagon Asset Management S.A. now owns 1,235,437 shares of the company’s stock valued at $8,475,000 after acquiring an additional 1,118,090 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Funko by 5,429.1% during the 1st quarter. SG Americas Securities LLC now owns 1,011,493 shares of the company’s stock worth $6,939,000 after purchasing an additional 993,199 shares during the period. Mackenzie Financial Corp acquired a new stake in Funko in the 4th quarter valued at approximately $599,000. Wolverine Trading LLC purchased a new stake in Funko in the fourth quarter valued at approximately $489,000. Finally, Vident Advisory LLC lifted its stake in Funko by 48.8% during the fourth quarter. Vident Advisory LLC now owns 39,833 shares of the company’s stock worth $533,000 after purchasing an additional 13,057 shares in the last quarter. Institutional investors and hedge funds own 99.15% of the company’s stock.

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.