Short Interest in Pra Group Inc (NASDAQ:PRAA) Increases By 5.8%

Pra Group Inc (NASDAQ:PRAA) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 8,420,400 shares, a growth of 5.8% from the May 15th total of 7,959,000 shares. Approximately 19.1% of the company’s shares are short sold. Based on an average daily trading volume, of 212,300 shares, the days-to-cover ratio is presently 39.7 days.

Several equities analysts have recently issued reports on PRAA shares. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. BidaskClub lowered Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Wednesday, June 26th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $35.00.

Shares of PRAA opened at $28.41 on Friday. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 21.52 and a beta of 1.62. The company has a 50 day simple moving average of $28.67. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.20 and a quick ratio of 1.20. Pra Group has a 52-week low of $22.62 and a 52-week high of $43.75.

Pra Group (NASDAQ:PRAA) last released its earnings results on Thursday, May 9th. The business services provider reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.01). The firm had revenue of $245.90 million during the quarter, compared to the consensus estimate of $244.08 million. Pra Group had a net margin of 6.42% and a return on equity of 5.26%. The company’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.47 EPS. As a group, research analysts anticipate that Pra Group will post 1.66 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Marshall Wace North America L.P. lifted its stake in Pra Group by 32.9% in the 1st quarter. Marshall Wace North America L.P. now owns 1,655 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 410 shares in the last quarter. Osborn Williams & Donohoe LLC bought a new stake in shares of Pra Group during the 1st quarter worth approximately $57,000. Quantamental Technologies LLC bought a new stake in shares of Pra Group during the 1st quarter worth approximately $116,000. Crossmark Global Holdings Inc. bought a new stake in shares of Pra Group during the 2nd quarter worth approximately $203,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of Pra Group during the 1st quarter worth approximately $260,000.

About Pra Group

PRA Group, Inc, a financial and business services company, engages in the purchase, collection, and management of portfolios of nonperforming loans in the Americas and Europe. It is involved in the acquisition of accounts that are primarily the unpaid obligations of individuals owed to credit grantors, which include banks and other types of consumer, retail, and auto finance companies.

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