Short Interest in EZCORP Inc (NASDAQ:EZPW) Decreases By 9.7%

EZCORP Inc (NASDAQ:EZPW) was the target of a large decline in short interest in October. As of October 31st, there was short interest totalling 7,770,000 shares, a decline of 9.7% from the September 30th total of 8,600,000 shares. Based on an average trading volume of 525,700 shares, the short-interest ratio is currently 14.8 days. Approximately 15.5% of the shares of the stock are short sold.

Several institutional investors have recently modified their holdings of the company. Quantamental Technologies LLC lifted its stake in EZCORP by 373.3% in the second quarter. Quantamental Technologies LLC now owns 5,112 shares of the credit services provider’s stock valued at $48,000 after acquiring an additional 4,032 shares during the last quarter. Bank of Montreal Can raised its position in shares of EZCORP by 320.5% in the second quarter. Bank of Montreal Can now owns 5,630 shares of the credit services provider’s stock valued at $54,000 after purchasing an additional 4,291 shares during the period. Ellington Management Group LLC bought a new position in shares of EZCORP in the second quarter valued at about $100,000. First Citizens Bank & Trust Co. bought a new position in shares of EZCORP in the second quarter valued at about $121,000. Finally, JPMorgan Chase & Co. raised its position in shares of EZCORP by 15.5% in the second quarter. JPMorgan Chase & Co. now owns 16,148 shares of the credit services provider’s stock valued at $155,000 after purchasing an additional 2,171 shares during the period. Institutional investors and hedge funds own 93.26% of the company’s stock.

Several brokerages have recently weighed in on EZPW. ValuEngine upgraded shares of EZCORP from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. TheStreet lowered shares of EZCORP from a “b-” rating to a “c” rating in a research report on Monday, August 5th. Sidoti decreased their target price on shares of EZCORP from $14.00 to $10.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Jefferies Financial Group lowered shares of EZCORP from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, BidaskClub lowered shares of EZCORP from a “sell” rating to a “strong sell” rating in a research report on Thursday, October 3rd. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $11.67.

Shares of EZCORP stock traded down $0.08 during trading on Monday, hitting $5.10. 19,893 shares of the company’s stock traded hands, compared to its average volume of 497,348. The company has a debt-to-equity ratio of 0.32, a current ratio of 8.07 and a quick ratio of 5.66. The firm’s fifty day moving average price is $5.68 and its 200 day moving average price is $8.18. EZCORP has a twelve month low of $5.05 and a twelve month high of $11.25. The company has a market cap of $286.10 million, a PE ratio of 6.47 and a beta of 1.67.

EZCORP Company Profile

EZCORP, Inc provides pawn loans. It operates through three segments: U.S. Pawn, Latin America Pawn, and Other International. The company offers pawn loans, which are non-recourse loans collateralized by tangible personal property, including jewelry, consumer electronics, power tools, sporting goods, and musical instruments; and sells merchandise, such as collateral forfeited from pawn lending operations and used merchandise purchased from customers.

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