Short Interest in DFC Global Corp Increases By 34.1% (DLLR)
DFC Global Corp (NASDAQ:DLLR) saw a large increase in short interest during the month of May. As of May 30th, there was short interest totalling 7,556,610 shares, an increase of 34.1% from the May 15th total of 5,634,589 shares, Analyst Ratings News reports. Approximately 21.1% of the company’s stock are sold short. Based on an average daily volume of 1,705,202 shares, the days-to-cover ratio is currently 4.4 days.
A number of analysts have recently weighed in on DLLR shares. Analysts at Stephens downgraded shares of DFC Global Corp from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, May 13th. They now have a $9.50 price target on the stock, down previously from $14.00. Separately, analysts at FBR Capital Markets raised their price target on shares of DFC Global Corp from $8.00 to $9.00 in a research note on Thursday, April 3rd. Finally, analysts at Zacks downgraded shares of DFC Global Corp from a “neutral” rating to an “underperform” rating in a research note on Wednesday, April 2nd. They now have a $8.25 price target on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $9.46.
Shares of DFC Global Corp (NASDAQ:DLLR) opened at 9.49 on Friday. DFC Global Corp has a one year low of $6.24 and a one year high of $16.43. The stock’s 50-day moving average is $9.32 and its 200-day moving average is $9.3. The company’s market cap is $366.6 million.
DFC Global Corp (NASDAQ:DLLR) last announced its earnings results on Monday, May 12th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by $0.45. The company had revenue of $248.30 million for the quarter, compared to the consensus estimate of $259.31 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was down 12.4% on a year-over-year basis. On average, analysts predict that DFC Global Corp will post $0.10 earnings per share for the current fiscal year.
DFC Global Corp., formerly Dollar Financial Corp., is an international non-bank provider of alternative financial services, unsecured short term consumer loans, secured pawn loans, check cashing, money transfers and reloadable prepaid debit cards.
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