Enviva Inc. (NYSE:EVA) Short Interest Update

Enviva Inc. (NYSE:EVAGet Free Report) saw a large decrease in short interest in March. As of March 15th, there was short interest totalling 8,110,000 shares, a decrease of 7.8% from the February 29th total of 8,800,000 shares. Approximately 21.2% of the company’s shares are short sold. Based on an average daily volume of 4,100,000 shares, the short-interest ratio is currently 2.0 days.

Enviva Trading Down 1.3 %

NYSE:EVA traded down $0.01 on Tuesday, reaching $0.43. The stock had a trading volume of 1,254,536 shares, compared to its average volume of 4,185,735. The company has a market cap of $31.68 million, a price-to-earnings ratio of -0.09 and a beta of 0.89. The company has a debt-to-equity ratio of 6.89, a current ratio of 1.42 and a quick ratio of 1.06. The firm’s fifty day moving average is $0.46 and its two-hundred day moving average is $1.98. Enviva has a 12-month low of $0.25 and a 12-month high of $29.46.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hsbc Holdings PLC purchased a new position in Enviva in the 3rd quarter valued at about $298,000. Trexquant Investment LP increased its stake in shares of Enviva by 114.1% during the 3rd quarter. Trexquant Investment LP now owns 202,529 shares of the energy company’s stock valued at $1,513,000 after acquiring an additional 107,955 shares during the last quarter. AE Wealth Management LLC acquired a new position in shares of Enviva during the 3rd quarter valued at about $330,000. Jump Financial LLC increased its stake in shares of Enviva by 517.4% during the 3rd quarter. Jump Financial LLC now owns 87,176 shares of the energy company’s stock valued at $651,000 after acquiring an additional 73,055 shares during the last quarter. Finally, Pursue Wealth Partners LLC acquired a new position in shares of Enviva during the 3rd quarter valued at about $769,000. 77.83% of the stock is currently owned by hedge funds and other institutional investors.

Enviva Company Profile

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Enviva Inc produces, processes, and sells utility-grade wood pellets. The company's products are used as a substitute for coal in power generation, and combined heat and power plants. It serves power generators in the United Kingdom, European Union, and Japan. DS: The company was formerly known as Enviva Partners, LP and changed its name to Enviva Inc in December 2021.

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