WildBrain Ltd. (OTCMKTS:WLDBF – Get Rating) was the recipient of a significant drop in short interest in June. As of June 30th, there was short interest totalling 140,400 shares, a drop of 33.1% from the June 15th total of 209,800 shares. Based on an average daily volume of 31,500 shares, the short-interest ratio is currently 4.5 days.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reduced their target price on shares of WildBrain from C$3.90 to C$3.50 and set a "buy" rating for the company in a research note on Tuesday, May 10th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $4.00.

WildBrain Stock Down 0.1 %

Shares of OTCMKTS:WLDBF opened at $1.88 on Monday. The company has a 50 day moving average of $1.98 and a 200 day moving average of $2.30. WildBrain has a 12 month low of $1.76 and a 12 month high of $3.34.

About WildBrain

WildBrain Ltd. develops, produces, and distributes films and television programs worldwide. The company operates through two segments, Content Business and Canadian Television Broadcasting. It focuses on children and family content, including animated series; and provides production services, as well as operates children's channels on YouTube.

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