Short Interest in EVI Industries, Inc. (NYSEAMERICAN:EVI) Grows By 17.8%

EVI Industries, Inc. (NYSEAMERICAN:EVI) was the target of a large increase in short interest in March. As of March 13th, there was short interest totaling 131,185 shares, an increase of 17.8% from the February 26th total of 111,324 shares. Approximately 2.2% of the shares of the company are short sold. Based on an average trading volume of 29,917 shares, the short-interest ratio is presently 4.4 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC lifted its stake in EVI Industries by 237.4% in the second quarter. Tower Research Capital LLC TRC now owns 2,001 shares of the industrial products company’s stock valued at $44,000 after buying an additional 1,408 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of EVI Industries by 45.2% during the third quarter. BNP Paribas Financial Markets now owns 1,577 shares of the industrial products company’s stock worth $50,000 after acquiring an additional 491 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of EVI Industries by 27.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,814 shares of the industrial products company’s stock worth $64,000 after acquiring an additional 829 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of EVI Industries by 39.6% in the 4th quarter. Bank of America Corp DE now owns 4,988 shares of the industrial products company’s stock worth $82,000 after acquiring an additional 1,416 shares during the period. Finally, Rhumbline Advisers increased its holdings in shares of EVI Industries by 21.4% in the 1st quarter. Rhumbline Advisers now owns 5,336 shares of the industrial products company’s stock worth $90,000 after acquiring an additional 940 shares during the period. 37.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, DA Davidson restated a “buy” rating and set a $35.00 price objective on shares of EVI Industries in a research note on Wednesday, February 11th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $35.00.

EVI Industries Stock Performance

EVI traded up $0.43 on Wednesday, hitting $21.04. 8,031 shares of the company’s stock were exchanged, compared to its average volume of 27,421. The firm has a market cap of $270.63 million, a PE ratio of 44.78 and a beta of 0.08. EVI Industries has a twelve month low of $14.99 and a twelve month high of $34.82. The stock has a fifty day moving average of $21.68 and a two-hundred day moving average of $24.28. The company has a current ratio of 1.58, a quick ratio of 0.77 and a debt-to-equity ratio of 0.40.

EVI Industries (NYSEAMERICAN:EVI) last issued its earnings results on Monday, February 9th. The industrial products company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). The company had revenue of $115.29 million during the quarter, compared to analyst estimates of $108.00 million. EVI Industries had a net margin of 1.72% and a return on equity of 5.18%.

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.