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

Institutional entrances and exits

Institutional investors have recently bought and sold shares in the company. Lazard Asset Management LLC purchased a new position in Enova International in the second quarter worth approximately $44,000. Dupont Capital Management Corp purchased a new share of Enova International stock during the first quarter for approximately $145,000. SG Americas Securities LLC increased its holding in shares of Enova International by 27.5% during the first quarter. SG Americas Securities LLC now owns 3,813 shares of the credit service provider worth $145,000 after buying an additional 823 shares last quarter. Mutual of America Capital Management LLC increased its holding in Enova International stock 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 purchasing an additional 548 shares last quarter. Finally, Rowland & Co. Investment Counsel ADV increased its holding in Enova International shares by 16.8% during the first quarter. Rowland & Co. Investment Counsel ADV now owns 19,917 shares of the credit services provider worth $756,000 after buying an additional 2,859 shares during the last quarter. 92.43% of the shares are owned by hedge funds and other institutional investors.

Enova international price performance

Shares of Enova International rose $1.97 during midday trading on Tuesday, reaching $31.94. The company had a trading volume of 2,980 shares, compared to its average volume of 202,900. The company has a market cap of $1.02 billion, a P/E ratio of 5.24, and a beta of 1.43. Enova International has a 12-month minimum of $25.80 and a 12-month maximum of $47.88. The company’s 50-day simple moving average is $34.34 and its 200-day simple moving average is $33.60. The firm has a debt-to-equity ratio of 1.66, a current ratio of 13.45, and a quick ratio of 13.45.

Enova International (NYSE: ENVA – get rating) last published its quarterly earnings results on Thursday, July 28. The credit services provider reported earnings per share of $1.48 in 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 firm had revenue of $407.90 million in the quarter, compared to analyst estimates of $405.15 million. During the same period last year, the company posted $2.16 EPS. Enova International’s quarterly revenue increased 54.1% compared to the same quarter last year. As a group, equity analysts anticipate Enova International to post 6.16 EPS for the current year.

Wall Street analyst thinks

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

Profile of the international company Enova

(get rating)

Enova International, Inc, a technology and analytics company, offers online financial services in the United States, Brazil, Australia, and Canada. The company offers installment loans; line of credit accounts; accounts receivable 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 quasi-premium unsecured consumer installment loans.

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