The short-term stake in goeasy Ltd. (OTCMKTS: EHMEF) decreases by 27.9%

goeasy ltd. (OTCMKTS: EHMEFGet a rating) benefited from a significant drop in short-term interest rates in May. As of May 31, there was short interest totaling 167,900 shares, down 27.9% from the May 15 total of 233,000 shares. Based on an average daily trading volume of 500 shares, the short-term interest rate ratio is currently 335.8 days.

easy stock traded down $1.80 during Friday’s midday session, hitting $77.61. The stock had a trading volume of 230 shares, compared to an average volume of 605. The stock has a 50-day simple moving average of $89.55 and a two-hundred-day simple moving average of $110.47. goeasy has a 12 month minimum of $74.35 and a 12 month maximum of $170.00.

Several research analysts have recently commented on EHMEF shares. TD Securities reduced its target price on goeasy from C$220.00 to C$215.00 in a Friday, May 13 report. Raymond James raised his price target on goeasy from C$207.00 to C$213.00 in a Thursday, May 12 report. National Bank Financial reduced its price target on goeasy from CA$220.00 to CA$155.00 in a Thursday, May 12 report. Scotiabank lowered its price target on goeasy shares from C$170.00 to C$160.00 in a Friday, May 13 report. Finally, Desjardins lowered its target price on goeasy shares from C$200.00 to C$190.00 in a Thursday, April 28 research note. One research analyst gave the stock a hold rating, five gave the stock a buy rating and one gave the stock a strong buy rating. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $196.86.

Company Profile (Get a rating)

goeasy ltd. provides consumer leasing and loan services in Canada. The Company operates through two segments, Easyfinancial and Easyhome. The Easyfinancial segment provides unsecured and real estate secured installment loans; personal, real estate and car loans; point-of-sale and small business financing; and value-added services.

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