EZCORP, Inc. (NASDAQ:EZPW) Short Interest Update

EZCORP, Inc. (NASDAQ:EZPW) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totalling 7,870,000 shares, a drop of 11.0% from the July 15th total of 8,840,000 shares. Based on an average daily trading volume, of 482,500 shares, the days-to-cover ratio is currently 16.3 days. Currently, 15.8% of the shares of the stock are sold short.

EZCORP Stock Up 1.7 %

EZPW opened at $12.00 on Tuesday. The company has a quick ratio of 3.23, a current ratio of 2.59 and a debt-to-equity ratio of 0.28. The firm has a market cap of $659.30 million, a P/E ratio of 11.54 and a beta of 1.04. EZCORP has a 52 week low of $7.70 and a 52 week high of $12.01. The business’s fifty day simple moving average is $10.48 and its 200 day simple moving average is $10.56.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group decreased their price objective on EZCORP from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Friday, May 3rd.

Institutional Trading of EZCORP

A number of large investors have recently made changes to their positions in EZPW. Louisiana State Employees Retirement System acquired a new stake in shares of EZCORP during the fourth quarter valued at $228,000. Cornerstone Investment Partners LLC acquired a new stake in EZCORP in the 4th quarter worth about $158,000. Victory Capital Management Inc. boosted its stake in EZCORP by 4.2% in the 4th quarter. Victory Capital Management Inc. now owns 124,864 shares of the credit services provider’s stock worth $1,091,000 after buying an additional 5,064 shares during the last quarter. Fourth Sail Capital LP acquired a new stake in EZCORP in the 4th quarter worth about $5,173,000. Finally, BNP Paribas Financial Markets boosted its stake in EZCORP by 72.5% in the 4th quarter. BNP Paribas Financial Markets now owns 96,848 shares of the credit services provider’s stock worth $846,000 after buying an additional 40,707 shares during the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

EZCORP Company Profile

EZCORP, Inc provides pawn services in the United States and Latin America. The company operates through three segments: U.S. Pawn, Latin America Pawn, and Other Investments. The company offers pawn loans collateralized by tangible personal property, jewelry, consumer electronics, tools, sporting goods, and musical instruments.