Short-term stake in Enova International, Inc. (NYSE: ENVA) increases 7.7%

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Enova International, Inc. (NYSE: ENVA – Get a rating) was the target of a surge in short-term interest in September. As of September 15, there was short interest totaling 1,810,000 shares, an increase of 7.7% from the total of 1,680,000 shares as of August 31. Approximately 6.0% of the stock’s shares are sold short. Based on an average trading volume of 197,000 shares, the day-to-cover ratio is currently 9.2 days.

Institutional entries and exits

Institutional investors have recently bought and sold shares of the company. Lazard Asset Management LLC bought a new position in Enova International in Q2 worth approximately $44,000. Dupont Capital Management Corp acquired a new equity stake in Enova International during Q1 worth approximately $145,000. SG Americas Securities LLC increased its stake in Enova International shares by 27.5% during the 1st quarter. SG Americas Securities LLC now owns 3,813 shares of the credit service provider worth $145,000 after buying 823 additional shares in the last quarter. Mutual of America Capital Management LLC increased its equity stake in Enova International by 11.1% during the second quarter. Mutual of America Capital Management LLC now owns 5,468 shares of the credit service provider worth $158,000 after buying 548 additional shares in the last quarter. Finally, Rowland & Co. Investment Counsel ADV increased its stake in Enova International shares by 16.8% during the 1st quarter. Rowland & Co. Investment Counsel ADV now owns 19,917 shares of the credit services provider worth $756,000 after buying 2,859 additional shares in the last quarter. 92.43% of the shares are held by hedge funds and other institutional investors.

Enova International Awards Performance

Enova International’s stock traded at $1.97 midday Tuesday, hitting $31.94. The company had a trading volume of 2,980 shares, compared to an average volume of 202,900. The company has a market capitalization of $1.02 billion, a P/E ratio of 5.24 and a beta of 1.43 . Enova International has a 12-month low of $25.80 and a 12-month high of $47.88. The company’s fifty-day simple moving average is $34.34 and its 200-day simple moving average is $33.60. The company has a debt ratio of 1.66, a current ratio of 13.45 and a quick ratio of 13.45.

Enova International (NYSE: ENVA – Get a rating) last released its quarterly results on Thursday, July 28. The credit services provider reported earnings per share of $1.48 for the quarter, meeting analyst consensus estimates of $1.48. Enova International had a net margin of 13.88% and a return on equity of 19.31%. The company posted revenue of $407.90 million for the quarter, versus analyst estimates of $405.15 million. During the same period last year, the company posted EPS of $2.16. Enova International’s quarterly revenue increased by 54.1% compared to the same quarter last year. As a group, stock analysts expect Enova International to post EPS of 6.16 for the current year.

A Wall Street analyst gives his opinion

Separately, JMP Securities reaffirmed a “buy” rating and issued a $42.00 price target on Enova International shares in a research note on Thursday, September 29.

Enova International Company Profile

(Get a rating)

Enova International, Inc, a technology and analytics company, provides online financial services in the United States, Brazil, Australia and Canada. The company offers installment loans; line of credit accounts; debt purchase agreements; CSO programs, including arranging loans with independent third-party lenders and assisting in the preparation of loan applications and loan documents; and banking programs, such as marketing services and loan servicing for prime unsecured consumer installment loans.

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