Ever-Glory International Group, Inc. (NASDAQ:EVK) Short Interest Down 17.0% in July

Ever-Glory International Group, Inc. (NASDAQ:EVK – Get Rating) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totalling 16,100 shares, a drop of 17.0% from the June 30th total of 19,400 shares. Based on an average trading volume of 12,600 shares, the short-interest ratio is currently 1.3 days. Approximately 0.4% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Ever-Glory International Group in a research report on Monday. They set a “hold” rating on the stock.

Ever-Glory International Group Trading Down 4.8 %

Shares of Ever-Glory International Group stock opened at $1.19 on Friday. The firm has a market capitalization of $17.63 million, a PE ratio of -4.41 and a beta of -0.37. Ever-Glory International Group has a twelve month low of $1.09 and a twelve month high of $4.20. The firm’s 50-day moving average price is $1.29 and its 200 day moving average price is $1.52.

Ever-Glory International Group (NASDAQ:EVK – Get Rating) last issued its quarterly earnings results on Friday, May 13th. The textile maker reported ($0.34) earnings per share for the quarter. The company had revenue of $64.77 million during the quarter. Ever-Glory International Group had a negative net margin of 1.23% and a negative return on equity of 2.97%.

About Ever-Glory International Group

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Ever-Glory International Group, Inc, together with its subsidiaries, manufactures, supplies, and retails apparel in Mainland China, Hong Kong, Germany, the United Kingdom, Europe, Japan, and the United States. It operates through two segments, Wholesale and Retail. The company primarily offers casual wear, outerwear, and sportswear.