ECN Capital Corp. (OTCMKTS:ECNCF – Get Rating) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 1,814,800 shares, a growth of 33.2% from the August 15th total of 1,362,100 shares. Based on an average daily volume of 12,400 shares, the short-interest ratio is presently 146.4 days.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Raymond James cut their price objective on ECN Capital from C$8.00 to C$7.50 in a research report on Thursday, August 25th. Royal Bank of Canada boosted their price target on ECN Capital from C$7.50 to C$8.00 in a report on Monday, August 15th. TD Securities boosted their price target on ECN Capital from C$8.00 to C$8.50 in a report on Tuesday, August 9th. BMO Capital Markets cut their price target on ECN Capital from C$8.00 to C$7.50 in a report on Friday, August 26th. Finally, National Bank Financial boosted their price target on ECN Capital from C$8.00 to C$8.50 in a report on Friday, August 12th.

ECN Capital Stock Down 2.5 %

Shares of OTCMKTS ECNCF traded down $0.10 during trading on Friday, hitting $3.85. 42,275 shares of the company traded hands, compared to its average volume of 18,473. ECN Capital has a 1 year low of $3.57 and a 1 year high of $9.65. The company has a 50-day moving average price of $4.54 and a 200-day moving average price of $4.70.

ECN Capital Company Profile

ECN Capital Corp. originates, manages, and advises on prime consumer credit portfolios in North America. It operates through Secured Consumer Loans – Triad Financial Services and Source One; and Consumer Credit Card and Related Unsecured Consumer Loans – KG segments. The company provides secured consumer loan portfolios, including manufactured home, marine, and recreational vehicle loans; and consumer credit card portfolios that are focused on co-branded credit cards and related financial products.

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