Shares last traded at $14.30 slightly over the 50 day moving average of $13.47 and a tad higher than the 200 day moving average of $13.90. The 50 day moving average was up $0.83 or +6.16% and the 200 day average was up $0.40. 274K shares changed hands in the last trading session. Trading volume was up 38.40% over the stocks average daily volume.
Investors are a little more bearish on shares of Enova International, Inc. if you pay attention to the motion in short interest. The stock recorded a rise in short interest of 24.50% as of the latest report on September 29, 2017. Short interest grew 554,130 over that period. With short interest at 2,815,622 and short average daily volume at 306,329, days to cover is 9.0 and the percentage of shorted shares is 0.08% as of September 29.
The following firms have recently changed their position in ENVA. As of the end of the quarter Meeder Asset Management Inc had bought a total of 183 shares growing its position 16.6%. The value of the investment in Enova International, Inc. increased from $16,000 to $17,000 a change of $1,000 for the reporting period. Denali Advisors LLC trimmed its ownership by shedding 221 shares a decrease of 65.6% as of 09/30/2017. Denali Advisors LLC controls 116 shares with a value of $2,000. The value of the position overall is down by 60.0%.
As of quarter end Capital One, National Association had acquired 14,900 shares growing its holdings by 44.6%. The value of the company’s investment in Enova International, Inc. went from $497,000 to $650,000 a change of 30.8% quarter to quarter. Bowling Portfolio Management LLC divested its investment by selling 24,809 shares a decrease of 46.6%. Bowling Portfolio Management LLC currently owns 28,486 shares valued at $383,000. The total value of its holdings decreased 51.6%.
On July 12 analysts at Maxim Group starting coverage on the stock with an initial rating of “Buy”.
The most current P/E ratio is 11.51 and the market value is 481.67M. In the last earnings report the EPS was $1.24 and is projected to be $1.27 for the current year with 33,683,000 shares presently outstanding. Next quarter’s EPS is forecasted to be $0.25 and the next full year EPS is projected to be $1.64.
Enova International, Inc., launched on September 7, 2011, is a technology and analytics company. The Company provides online financial services. As of December 31, 2016, the Company offered or arranged loans to consumers in 33 states in the United States and in the United Kingdom and Brazil. As of December 31, 2016, it also offered financing to small businesses in all 50 states and Washington D.C. in the United States. The Company provides online financial services to non-prime credit consumers and small businesses in the United States, United Kingdom, and Brazil. Its customers include small businesses, which have bank accounts but use alternative financial services because of their limited access to more traditional credit from banks, credit card companies and other lenders. The Business’s financing products include short-term loans, line of credit accounts, installment loans and receivables purchase agreements (RPAs)..