On Deck Capital Inc (NYSE:ONDK) Short Interest Update

On Deck Capital Inc (NYSE:ONDK) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totalling 2,490,100 shares, an increase of 8.4% from the June 30th total of 2,297,200 shares. Currently, 4.8% of the company’s stock are short sold. Based on an average daily volume of 687,500 shares, the days-to-cover ratio is presently 3.6 days.

ONDK has been the topic of a number of analyst reports. Stephens set a $6.00 price target on On Deck Capital and gave the stock a “hold” rating in a research report on Friday, May 3rd. B. Riley set a $9.00 price objective on On Deck Capital and gave the company a “buy” rating in a research report on Friday, May 3rd. BTIG Research raised On Deck Capital from a “neutral” rating to a “buy” rating and set a $4.25 price objective on the stock in a research report on Tuesday, July 30th. Maxim Group reaffirmed a “hold” rating on shares of On Deck Capital in a research report on Wednesday, July 31st. Finally, UBS Group cut On Deck Capital from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $7.00 to $4.00 in a research report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $6.63.

Shares of NYSE:ONDK traded up $0.13 during midday trading on Friday, hitting $3.26. The company had a trading volume of 616,569 shares, compared to its average volume of 611,235. The company has a debt-to-equity ratio of 2.65, a current ratio of 15.81 and a quick ratio of 15.81. The company has a market cap of $254.08 million, a price-to-earnings ratio of 7.58 and a beta of 1.85. On Deck Capital has a 12-month low of $2.88 and a 12-month high of $9.23. The company has a fifty day moving average of $3.78 and a two-hundred day moving average of $4.91.



On Deck Capital (NYSE:ONDK) last issued its quarterly earnings results on Monday, July 29th. The credit services provider reported $0.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.01. On Deck Capital had a return on equity of 10.90% and a net margin of 7.85%. The business had revenue of $110.25 million during the quarter, compared to analyst estimates of $110.11 million. During the same quarter in the prior year, the business posted $0.13 EPS. On Deck Capital’s revenue for the quarter was up 15.5% compared to the same quarter last year. Research analysts expect that On Deck Capital will post 0.25 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC increased its stake in On Deck Capital by 19.5% in the 2nd quarter. Renaissance Technologies LLC now owns 5,382,975 shares of the credit services provider’s stock worth $22,339,000 after buying an additional 878,100 shares in the last quarter. BlackRock Inc. increased its stake in On Deck Capital by 19.9% in the 2nd quarter. BlackRock Inc. now owns 4,438,131 shares of the credit services provider’s stock worth $18,418,000 after buying an additional 735,240 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in On Deck Capital by 10.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,877,410 shares of the credit services provider’s stock worth $16,977,000 after buying an additional 273,423 shares in the last quarter. D. E. Shaw & Co. Inc. increased its stake in On Deck Capital by 214.1% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,251,281 shares of the credit services provider’s stock worth $5,193,000 after buying an additional 852,971 shares in the last quarter. Finally, Seacliff Capital LLC increased its stake in On Deck Capital by 1,150.0% in the 1st quarter. Seacliff Capital LLC now owns 1,250,000 shares of the credit services provider’s stock worth $6,775,000 after buying an additional 1,150,000 shares in the last quarter. Institutional investors and hedge funds own 70.58% of the company’s stock.

About On Deck Capital

On Deck Capital, Inc operates an online platform for small business lending in the United States, Canada, and Australia. It offers term loans and lines of credit. The company also provides technology and services platform that facilitates online lending to small business customers for banks. It distributes its products through direct marketing channel, strategic partners, and funding advisors.

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