Curo Group Holdings Corp (NYSE:CURO) Short Interest Update
Curo Group Holdings Corp (NYSE:CURO) saw a large growth in short interest in August. As of August 31st, there was short interest totalling 2,213,500 shares, a growth of 15.7% from the July 31st total of 1,913,700 shares. Based on an average daily trading volume, of 227,800 shares, the short-interest ratio is currently 9.7 days. Currently, 15.9% of the shares of the stock are short sold.
A number of research firms have recently commented on CURO. ValuEngine raised Curo Group from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Buckingham Research began coverage on Curo Group in a report on Tuesday, August 13th. They set a “buy” rating and a $19.00 price target for the company. Credit Suisse Group boosted their price target on Curo Group from $19.00 to $20.00 and gave the stock an “outperform” rating in a report on Wednesday, September 4th. Finally, Zacks Investment Research raised Curo Group from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $22.75.
CURO traded down $0.08 on Friday, reaching $15.32. The stock had a trading volume of 235,657 shares, compared to its average volume of 191,928. Curo Group has a fifty-two week low of $8.73 and a fifty-two week high of $32.20. The firm has a 50-day moving average of $13.32 and a 200-day moving average of $11.25. The company has a current ratio of 2.86, a quick ratio of 2.86 and a debt-to-equity ratio of 13.39. The company has a market capitalization of $697.12 million, a price-to-earnings ratio of 8.86 and a beta of 3.63.
A number of institutional investors and hedge funds have recently modified their holdings of CURO. BNP Paribas Arbitrage SA increased its holdings in Curo Group by 3,582.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,504 shares of the company’s stock worth $25,000 after purchasing an additional 2,436 shares in the last quarter. Quantamental Technologies LLC acquired a new position in Curo Group in the 2nd quarter worth about $28,000. Bank of Montreal Can increased its holdings in Curo Group by 367.7% in the 2nd quarter. Bank of Montreal Can now owns 3,124 shares of the company’s stock worth $34,000 after purchasing an additional 2,456 shares in the last quarter. Parametric Portfolio Associates LLC increased its holdings in Curo Group by 13.9% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 17,159 shares of the company’s stock worth $190,000 after purchasing an additional 2,096 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in Curo Group in the 2nd quarter worth about $262,000. 49.91% of the stock is owned by institutional investors and hedge funds.
About Curo Group
CURO Group Holdings Corp., a diversified consumer finance company, provides consumer finance to a range of underbanked consumers in the United States, Canada, and the United Kingdom. It offers unsecured installment loans, secured installment loans, open-end loans, and single-pay loans, as well as ancillary financial products, including check cashing, proprietary reloadable prepaid debit cards, credit protection insurance, gold buying, retail installment sales, and money transfer services.
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