Short Interest in EVI Industries, Inc. (NYSEAMERICAN:EVI) Grows By 90.2%

EVI Industries, Inc. (NYSEAMERICAN:EVI) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 71,122 shares, a growth of 90.2% from the December 15th total of 37,397 shares. Approximately 1.1% of the company’s shares are short sold. Based on an average daily trading volume, of 21,912 shares, the days-to-cover ratio is presently 3.2 days. Based on an average daily trading volume, of 21,912 shares, the days-to-cover ratio is presently 3.2 days. Approximately 1.1% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Separately, DA Davidson reaffirmed a “buy” rating and issued a $40.00 price objective on shares of EVI Industries in a research note on Wednesday, November 12th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $40.00.

Institutional Trading of EVI Industries

Institutional investors have recently added to or reduced their stakes in the business. Jacobs Levy Equity Management Inc. purchased a new position in shares of EVI Industries in the third quarter worth $353,000. Citadel Advisors LLC purchased a new position in EVI Industries in the 3rd quarter worth about $465,000. Raymond James Financial Inc. lifted its stake in EVI Industries by 5.5% during the 3rd quarter. Raymond James Financial Inc. now owns 190,512 shares of the industrial products company’s stock valued at $6,022,000 after acquiring an additional 9,883 shares during the period. Pathstone Holdings LLC boosted its holdings in shares of EVI Industries by 1.4% during the 3rd quarter. Pathstone Holdings LLC now owns 49,524 shares of the industrial products company’s stock valued at $1,565,000 after acquiring an additional 665 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of 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 valued at $50,000 after acquiring an additional 491 shares during the last quarter. 37.30% of the stock is currently owned by hedge funds and other institutional investors.

EVI Industries Stock Up 0.6%

Shares of NYSEAMERICAN EVI traded up $0.14 on Thursday, reaching $25.54. 4,954 shares of the company’s stock traded hands, compared to its average volume of 14,681. The business’s 50 day simple moving average is $23.21 and its two-hundred day simple moving average is $25.45. EVI Industries has a 12 month low of $14.99 and a 12 month high of $34.82. The company has a market cap of $368.03 million and a price-to-earnings ratio of 65.49. The company has a quick ratio of 0.74, a current ratio of 1.41 and a debt-to-equity ratio of 0.36.

EVI Industries (NYSEAMERICAN:EVI) last posted its quarterly earnings data on Monday, November 10th. The industrial products company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.05). The company had revenue of $108.27 million for the quarter, compared to the consensus estimate of $109.10 million. EVI Industries had a net margin of 1.51% and a return on equity of 4.35%.

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.