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

EVI Industries, Inc. (NYSEAMERICAN:EVI) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 102,070 shares, a decrease of 36.7% from the June 15th total of 161,252 shares. Based on an average daily volume of 119,584 shares, the days-to-cover ratio is presently 0.9 days. Approximately 1.7% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets grew 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 during the period. Tower Research Capital LLC TRC lifted its holdings in shares of EVI Industries by 237.4% in the 2nd 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of EVI Industries by 27.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,814 shares of the industrial products company’s stock valued at $64,000 after buying an additional 829 shares during the period. Deutsche Bank AG boosted its stake in shares of EVI Industries by 17.5% in the fourth quarter. Deutsche Bank AG now owns 4,017 shares of the industrial products company’s stock worth $99,000 after buying an additional 597 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in EVI Industries by 39.6% during the fourth 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. 37.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, DA Davidson dropped their price objective on shares of EVI Industries from $35.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, May 14th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $32.00.

EVI Industries Stock Performance

Shares of NYSEAMERICAN:EVI traded down $0.50 during trading on Friday, hitting $16.52. The stock had a trading volume of 49,330 shares, compared to its average volume of 87,087. The company has a quick ratio of 0.76, a current ratio of 1.60 and a debt-to-equity ratio of 0.41. EVI Industries has a 12-month low of $14.06 and a 12-month high of $34.82. The stock has a market capitalization of $212.61 million, a price-to-earnings ratio of 36.71 and a beta of 0.07. The stock has a 50-day simple moving average of $16.58 and a two-hundred day simple moving average of $20.16.

EVI Industries (NYSEAMERICAN:EVI) last issued its earnings results on Monday, May 11th. The industrial products company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.11). EVI Industries had a net margin of 1.63% and a return on equity of 4.92%. The firm had revenue of $101.13 million during the quarter, compared to analysts’ expectations of $111.30 million.

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. 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.