Short Interest in On Deck Capital Inc (NYSE:ONDK) Decreases By 6.4%

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On Deck Capital Inc (NYSE:ONDK) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totalling 2,226,500 shares, a drop of 6.4% from the May 30th total of 2,379,500 shares. Based on an average daily trading volume, of 564,600 shares, the days-to-cover ratio is presently 3.9 days. Approximately 4.3% of the shares of the stock are sold short.

Several analysts recently weighed in on the company. ValuEngine raised Yirendai from a “strong sell” rating to a “sell” rating in a research note on Friday, May 3rd. Zacks Investment Research lowered GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a research note on Thursday, July 4th. Stephens set a $25.00 price objective on Schneider National and gave the company a “buy” rating in a research note on Friday, May 3rd. Maxim Group reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Whitestone REIT in a research note on Friday, May 3rd. Finally, B. Riley set a $42.00 price objective on Carbonite and gave the company a “buy” rating in a research note on Friday, May 3rd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $7.86.

Shares of ONDK stock traded down $0.10 during mid-day trading on Monday, reaching $3.87. 4,308 shares of the stock traded hands, compared to its average volume of 670,830. The business has a fifty day moving average price of $4.16. On Deck Capital has a 1-year low of $3.81 and a 1-year high of $9.41. The stock has a market capitalization of $301.40 million, a P/E ratio of 9.23 and a beta of 1.87. The company has a debt-to-equity ratio of 2.69, a quick ratio of 16.87 and a current ratio of 16.87.

On Deck Capital (NYSE:ONDK) last announced its quarterly earnings results on Thursday, May 2nd. The credit services provider reported $0.10 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.03. On Deck Capital had a return on equity of 12.24% and a net margin of 8.48%. The firm had revenue of $110.20 million for the quarter, compared to analyst estimates of $110.23 million. During the same period last year, the firm posted $0.09 earnings per share. The business’s revenue for the quarter was up 22.0% on a year-over-year basis. Equities research analysts expect that On Deck Capital will post 0.33 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in ONDK. Hancock Whitney Corp raised its position in shares of On Deck Capital by 21.0% during the first quarter. Hancock Whitney Corp now owns 175,327 shares of the credit services provider’s stock worth $951,000 after acquiring an additional 30,423 shares during the last quarter. Chilton Investment Co. LLC bought a new position in shares of On Deck Capital during the first quarter worth about $81,000. Bank of America Corp DE raised its position in shares of On Deck Capital by 37.1% during the fourth quarter. Bank of America Corp DE now owns 97,739 shares of the credit services provider’s stock worth $577,000 after acquiring an additional 26,423 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of On Deck Capital by 19.5% during the fourth quarter. Bank of New York Mellon Corp now owns 210,689 shares of the credit services provider’s stock worth $1,243,000 after acquiring an additional 34,439 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its position in shares of On Deck Capital by 355.0% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 17,765 shares of the credit services provider’s stock worth $105,000 after acquiring an additional 13,861 shares during the last quarter. 71.51% of the stock is currently owned by hedge funds and other institutional investors.

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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