Enova International, Inc. (NYSE:ENVA) Sees Significant Increase in Short Interest

Enova International, Inc. (NYSE:ENVA - Get Free Report) was the target of a large increase in short interest in April. As of April 15th, there was short interest totalling 1,930,000 shares, an increase of 22.9% from the March 31st total of 1,570,000 shares. Based on an average daily volume of 267,400 shares, the short-interest ratio is presently 7.2 days. Currently, 7.9% of the shares of the stock are short sold.

Enova International Stock Performance

NYSE:ENVA traded up $3.15 during trading hours on Thursday, reaching $94.99. The company had a trading volume of 105,561 shares, compared to its average volume of 230,595. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of 12.75 and a beta of 1.43. The company has a current ratio of 9.52, a quick ratio of 15.82 and a debt-to-equity ratio of 2.98. Enova International has a 52 week low of $57.46 and a 52 week high of $117.56. The firm's 50 day moving average price is $93.86 and its 200-day moving average price is $99.33.

Enova International (NYSE:ENVA - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $2.98 EPS for the quarter, topping analysts' consensus estimates of $2.77 by $0.21. Enova International had a return on equity of 19.94% and a net margin of 7.88%. The business had revenue of $745.54 million during the quarter, compared to analysts' expectations of $734.14 million. The business's quarterly revenue was up 22.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.91 earnings per share. On average, analysts forecast that Enova International will post 10.31 EPS for the current year.

Wall Street Analysts Forecast Growth

ENVA has been the subject of several recent research reports. Stephens lifted their price target on Enova International from $115.00 to $136.00 and gave the company an "overweight" rating in a research report on Wednesday, February 5th. TD Cowen upgraded shares of Enova International from a "hold" rating to a "buy" rating and set a $17.00 price objective on the stock in a research report on Tuesday, April 1st. Maxim Group raised their price objective on shares of Enova International from $108.00 to $138.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. JMP Securities reissued a "market outperform" rating and set a $135.00 price objective on shares of Enova International in a report on Wednesday, April 30th. Finally, BTIG Research upped their price objective on shares of Enova International from $122.00 to $129.00 and gave the company a "buy" rating in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $111.00.

Insiders Place Their Bets

In other Enova International news, CEO David Fisher sold 2,000 shares of Enova International stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $98.65, for a total transaction of $197,300.00. Following the completion of the transaction, the chief executive officer now owns 348,223 shares in the company, valued at approximately $34,352,198.95. The trade was a 0.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Sean Rahilly sold 9,046 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $95.05, for a total value of $859,822.30. Following the completion of the sale, the general counsel now directly owns 103,842 shares of the company's stock, valued at approximately $9,870,182.10. This trade represents a 8.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,234 shares of company stock valued at $4,616,815 in the last 90 days. Corporate insiders own 8.40% of the company's stock.

Institutional Trading of Enova International

Large investors have recently modified their holdings of the company. Financial Management Professionals Inc. bought a new stake in Enova International during the first quarter valued at about $28,000. Farther Finance Advisors LLC lifted its holdings in shares of Enova International by 672.9% during the fourth quarter. Farther Finance Advisors LLC now owns 371 shares of the credit services provider's stock worth $36,000 after purchasing an additional 323 shares during the period. Versant Capital Management Inc grew its stake in shares of Enova International by 521.3% during the 1st quarter. Versant Capital Management Inc now owns 466 shares of the credit services provider's stock worth $45,000 after purchasing an additional 391 shares during the period. Sterling Capital Management LLC grew its position in Enova International by 823.0% during the fourth quarter. Sterling Capital Management LLC now owns 803 shares of the credit services provider's stock valued at $77,000 after buying an additional 716 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Enova International by 56.5% in the first quarter. GAMMA Investing LLC now owns 1,729 shares of the credit services provider's stock worth $167,000 after acquiring an additional 624 shares during the period. Hedge funds and other institutional investors own 89.43% of the company's stock.

About Enova International

Enova International, Inc, a technology and analytics company, provides online financial services in the United States, Brazil, and internationally. The company provides installment loans; line of credit accounts; CSO programs, including arranging loans with independent third-party lenders and assisting in the preparation of loan applications and loan documents; and bank programs, such as marketing services and loan servicing for near-prime unsecured consumer installment loan.