Short Interest in goeasy Ltd. (OTCMKTS:EHMEF) Decreases By 27.9%

goeasy Ltd. (OTCMKTS:EHMEFGet Rating) was the target of a large drop in short interest in May. As of May 31st, there was short interest totalling 167,900 shares, a drop of 27.9% from the May 15th total of 233,000 shares. Based on an average daily volume of 500 shares, the days-to-cover ratio is currently 335.8 days.

A number of equities analysts have weighed in on the company. TD Securities lowered their price objective on goeasy from C$220.00 to C$215.00 in a research note on Friday, May 13th. Scotiabank dropped their price objective on shares of goeasy from C$170.00 to C$160.00 in a report on Friday, May 13th. BMO Capital Markets cut their price objective on shares of goeasy from C$228.00 to C$225.00 in a research report on Friday, May 13th. National Bank Financial decreased their target price on shares of goeasy from C$220.00 to C$155.00 in a report on Thursday, May 12th. Finally, Raymond James raised their price target on shares of goeasy from C$207.00 to C$213.00 in a report on Thursday, May 12th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $196.86.

OTCMKTS EHMEF traded down $1.80 during trading hours on Friday, reaching $77.61. The company had a trading volume of 230 shares, compared to its average volume of 605. The stock has a 50-day moving average of $89.55 and a 200 day moving average of $110.47. goeasy has a 1-year low of $74.35 and a 1-year high of $170.00.

About goeasy (Get Rating)

goeasy Ltd. provides non-prime leasing and lending services to consumers in Canada. The company operates through two segments, Easyfinancial and Easyhome. The Easyfinancial segment provides unsecured and real estate secured installment loans; personal, home equity, and auto loans; point-of-sale and small business financing; and value-added services.

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