Short Interest in PRA Group, Inc. (NASDAQ:PRAA) Grows By 61.6%

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Short interest in PRA Group, Inc. (NASDAQ:PRAA) increased significantly by 61.6% in February, reaching approximately 1.27 million shares, which represents about 3.3% of its float with a days-to-cover ratio of 2.0. This surge occurred despite the company reporting better-than-expected Q4 earnings, with EPS of $1.46 against an estimated $0.50 and revenue of $333.4 million versus $288.9 million. While the stock saw a 24.3% jump to $15.75 after the positive earnings, analysts maintain a consensus “Hold” rating with an average price target of $25.00, expressing skepticism about sustained recovery and emphasizing the need for improved acquisition execution and collection efficiency.

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