Stock is 107% owned by institutions, insiders and mutual funds.
Shorts have increase the float by over 10%. there is no shares for the general public. Look for a nice price increase going into the fall. The large intuitional ownership and low share count make for very low volume days. This is a hard stock to grab any significant shares daily.
Would not be surprised to see another pay for Jakk's at these depressed prices.
% of Shares Held by All Insider and 5% Owners: 17%
% of Shares Held by Institutional & Mutual Fund Owners: 89%
% of Float Held by Institutional & Mutual Fund Owners: 107%
Number of Institutions Holding Shares: 109
Shares Short (as of Jun 14, 2013)3: 2.39M
Short Ratio (as of Jun 14, 2013)3: 17.10
Short % of Float (as of Jun 14, 2013)3: 12.60%
Shares Short (prior month)3: 2.15M
Question is - where is the Board of Directors? Asleep at the wheel spending the $200,000 board fee per year. That is over $1 million a year out of company to the executives pals. They stacked the Board with friends averaging 70+ years old that bring nothing to the table other than being a group of "yes-men".
Shorts win. Too bad. Can't see any reason this will not go to 5. CC should be very interesting. The pathetic 2 year performance of the company defies explanation to me. They should be a real attractive takeover at these prices.