WildBrain Ltd. (OTCMKTS:WLDBF – Get Rating) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totalling 117,700 shares, a drop of 16.2% from the June 30th total of 140,400 shares. Based on an average daily volume of 7,000 shares, the days-to-cover ratio is currently 16.8 days.
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group cut their price target on WildBrain from C$3.90 to C$3.50 and set a "buy" rating for the company in a report on Tuesday, May 10th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $4.00.
Get WildBrain alerts:WildBrain Trading Down 2.2 %
Shares of WildBrain stock opened at $1.80 on Wednesday. WildBrain has a fifty-two week low of $1.70 and a fifty-two week high of $3.34. The stock has a 50 day moving average of $1.93 and a 200 day moving average of $2.24.
About WildBrain
(Get Rating)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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