Nicholas Financial, Inc. (NASDAQ:NICK) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 58,400 shares, a growth of 77.5% from the June 30th total of 32,900 shares. Based on an average trading volume of 6,700 shares, the days-to-cover ratio is currently 8.7 days. Approximately 0.8% of the company’s shares are short sold.
Shares of NASDAQ:NICK opened at $8.16 on Friday. The business has a 50-day moving average price of $7.92 and a 200 day moving average price of $7.14. The company has a market capitalization of $102.82 million, a price-to-earnings ratio of 15.11 and a beta of 0.59. Nicholas Financial has a 12-month low of $4.76 and a 12-month high of $9.90.
Nicholas Financial (NASDAQ:NICK) last issued its quarterly earnings data on Thursday, July 30th. The credit services provider reported $0.18 earnings per share (EPS) for the quarter. The firm had revenue of $14.15 million during the quarter. Nicholas Financial had a return on equity of 4.04% and a net margin of 7.22%.
A number of analysts have issued reports on the company. ValuEngine downgraded Nicholas Financial from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 25th. TheStreet raised Nicholas Financial from a “d+” rating to a “c-” rating in a research report on Thursday, July 2nd.
About Nicholas Financial
Nicholas Financial, Inc operates as a specialized consumer finance company in the United States. The company engages in acquiring and servicing automobile finance installment contracts for the purchase of new and used automobiles and light trucks. It also originates direct consumer loans and sells consumer-finance related products.
See Also: Retained Earnings
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