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

EVI Industries, Inc. (NYSEAMERICAN:EVI) was the target of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 185,500 shares, a growth of 6.7% from the March 15th total of 173,900 shares. Based on an average daily volume of 17,500 shares, the days-to-cover ratio is presently 10.6 days. Currently, 3.7% of the shares of the stock are short sold.

EVI Industries Stock Down 0.2 %

EVI stock opened at $21.24 on Thursday. The stock has a market capitalization of $269.11 million, a P/E ratio of 42.48 and a beta of 0.33. EVI Industries has a fifty-two week low of $17.38 and a fifty-two week high of $28.65. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 0.84.

EVI Industries (NYSEAMERICAN:EVI) last posted its quarterly earnings data on Friday, February 9th. The industrial products company reported $0.09 earnings per share for the quarter. The business had revenue of $91.36 million during the quarter. EVI Industries had a net margin of 1.98% and a return on equity of 5.54%.

Institutional Investors Weigh In On EVI Industries

Institutional investors have recently bought and sold shares of the stock. Broadcrest Asset Management LLC acquired a new position in EVI Industries in the third quarter worth approximately $8,389,000. BlackRock Inc. grew its position in EVI Industries by 473.6% in the second quarter. BlackRock Inc. now owns 239,715 shares of the industrial products company’s stock worth $5,274,000 after buying an additional 197,926 shares during the last quarter. Captrust Financial Advisors acquired a new position in EVI Industries in the third quarter worth approximately $2,841,000. Royce & Associates LP grew its position in EVI Industries by 9.0% in the first quarter. Royce & Associates LP now owns 774,472 shares of the industrial products company’s stock worth $15,335,000 after buying an additional 63,900 shares during the last quarter. Finally, State Street Corp grew its position in EVI Industries by 353.2% in the second quarter. State Street Corp now owns 81,593 shares of the industrial products company’s stock worth $1,795,000 after buying an additional 63,589 shares during the last quarter. Institutional investors and hedge funds own 37.30% of the company’s stock.

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.