EVI Industries, Inc. (NYSEAMERICAN:EVI) Sees Large Decline in Short Interest

EVI Industries, Inc. (NYSEAMERICAN:EVI) saw a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 210,600 shares, a decrease of 5.5% from the October 15th total of 222,800 shares. Approximately 4.2% of the company’s stock are sold short. Based on an average daily trading volume, of 19,600 shares, the days-to-cover ratio is presently 10.7 days.

Insider Activity

In other EVI Industries news, EVP Thomas Marks sold 7,465 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $25.21, for a total transaction of $188,192.65. Following the sale, the executive vice president now directly owns 104,498 shares of the company’s stock, valued at $2,634,394.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 53.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On EVI Industries

Hedge funds and other institutional investors have recently made changes to their positions in the business. Barclays PLC acquired a new position in EVI Industries in the fourth quarter valued at about $29,000. US Bancorp DE raised its position in shares of EVI Industries by 214.3% in the 1st quarter. US Bancorp DE now owns 1,320 shares of the industrial products company’s stock valued at $25,000 after buying an additional 900 shares in the last quarter. California State Teachers Retirement System bought a new stake in shares of EVI Industries during the 2nd quarter worth approximately $35,000. Carmel Capital Partners LLC bought a new stake in shares of EVI Industries during the 3rd quarter worth approximately $47,000. Finally, BNP Paribas Arbitrage SNC boosted its position in shares of EVI Industries by 68,233.3% during the 2nd quarter. BNP Paribas Arbitrage SNC now owns 2,050 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 2,047 shares in the last quarter. 36.40% of the stock is currently owned by institutional investors and hedge funds.

EVI Industries Price Performance

EVI opened at $24.69 on Friday. The firm has a market cap of $312.58 million, a PE ratio of 44.09 and a beta of 0.39. EVI Industries has a fifty-two week low of $17.00 and a fifty-two week high of $28.65. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.72 and a quick ratio of 0.91.

EVI Industries (NYSEAMERICAN:EVI) last issued its quarterly earnings data on Wednesday, October 4th. The industrial products company reported $0.13 earnings per share for the quarter. The business had revenue of $94.04 million during the quarter. EVI Industries had a net margin of 2.27% and a return on equity of 6.30%.

Analyst Upgrades and Downgrades

EVI has been the topic of several research analyst reports. StockNews.com began coverage on shares of EVI Industries in a research report on Thursday, October 5th. They issued a “hold” rating on the stock. TheStreet upgraded EVI Industries from a “c” rating to a “b-” rating in a report on Thursday, October 5th.

About EVI Industries

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.