EVI Industries, Inc. (NYSEAMERICAN:EVI) Short Interest Update

EVI Industries, Inc. (NYSEAMERICAN:EVI) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 71,122 shares, an increase of 90.2% from the December 15th total of 37,397 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average daily trading volume, of 21,912 shares, the days-to-cover ratio is presently 3.2 days. Based on an average daily trading volume, of 21,912 shares, the days-to-cover ratio is presently 3.2 days. Currently, 1.1% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, DA Davidson reiterated a “buy” rating and issued a $40.00 price target on shares of EVI Industries in a report on Wednesday, November 12th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $40.00.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. acquired a new stake in EVI Industries in the 3rd quarter valued at about $353,000. Citadel Advisors LLC purchased a new position in EVI Industries during the third quarter worth $465,000. Raymond James Financial Inc. raised its holdings in shares of EVI Industries by 5.5% in the third quarter. Raymond James Financial Inc. now owns 190,512 shares of the industrial products company’s stock worth $6,022,000 after acquiring an additional 9,883 shares during the last quarter. Pathstone Holdings LLC lifted its position in shares of EVI Industries by 1.4% in the third quarter. Pathstone Holdings LLC now owns 49,524 shares of the industrial products company’s stock valued at $1,565,000 after acquiring an additional 665 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in EVI Industries by 45.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,577 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 491 shares in the last quarter. Hedge funds and other institutional investors own 37.30% of the company’s stock.

EVI Industries Price Performance

Shares of NYSEAMERICAN EVI traded down $1.29 during mid-day trading on Friday, reaching $24.95. The company’s stock had a trading volume of 25,366 shares, compared to its average volume of 16,757. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.74 and a current ratio of 1.41. The stock has a 50-day moving average of $23.11 and a two-hundred day moving average of $25.48. EVI Industries has a 1-year low of $14.99 and a 1-year high of $34.82. The stock has a market capitalization of $359.53 million and a P/E ratio of 63.98.

EVI Industries (NYSEAMERICAN:EVI) last released its earnings results on Monday, November 10th. The industrial products company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.05). EVI Industries had a net margin of 1.51% and a return on equity of 4.35%. The business had revenue of $108.27 million during the quarter, compared to analyst estimates of $109.10 million.

EVI Industries Company Profile

EVI Industries, Inc, through its subsidiaries, engages in the distribution, sale, rental, and lease of commercial and industrial laundry and dry-cleaning equipment in the United States, Canada, the Caribbean, and Latin America. The company sells and/or leases commercial laundry equipment specializing in washing, drying, finishing, material handling, water heating, power generation, and water reuse applications. It offers washroom equipment, such as washers and dryers, tunnel systems, and vended machines; finishing equipment comprising sheet feeders, flatwork ironers, automatic sheet folders, and stackers; and material handling equipment, including conveyor and rail systems.