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

EVI Industries, Inc. (NYSEAMERICAN:EVI) was the recipient of a significant decrease in short interest in November. As of November 30th, there was short interest totalling 118,900 shares, a decrease of 7.8% from the November 15th total of 128,900 shares. Based on an average daily volume of 13,600 shares, the short-interest ratio is currently 8.7 days. Approximately 2.1% of the company’s stock are sold short.

EVI Industries Stock Down 2.6 %

EVI stock traded down $0.49 during mid-day trading on Monday, reaching $18.01. 2,280 shares of the stock traded hands, compared to its average volume of 16,138. EVI Industries has a 52 week low of $14.51 and a 52 week high of $25.50. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.44 and a quick ratio of 0.79. The stock has a market capitalization of $256.28 million, a price-to-earnings ratio of 37.00 and a beta of 0.35.

EVI Industries (NYSEAMERICAN:EVI) last issued its quarterly earnings results on Thursday, September 12th. The industrial products company reported $0.14 EPS for the quarter. EVI Industries had a return on equity of 5.65% and a net margin of 2.11%. The company had revenue of $90.15 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded EVI Industries from a “hold” rating to a “buy” rating in a report on Tuesday, November 19th.

Hedge Funds Weigh In On EVI Industries

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp lifted its holdings in shares of EVI Industries by 7.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 21,499 shares of the industrial products company’s stock worth $407,000 after acquiring an additional 1,422 shares during the period. Captrust Financial Advisors grew its position in EVI Industries by 1.1% during the 3rd quarter. Captrust Financial Advisors now owns 138,985 shares of the industrial products company’s stock worth $2,687,000 after acquiring an additional 1,472 shares during the last quarter. Natixis Advisors LLC raised its holdings in shares of EVI Industries by 4.6% in the third quarter. Natixis Advisors LLC now owns 33,726 shares of the industrial products company’s stock valued at $652,000 after buying an additional 1,485 shares during the last quarter. State Street Corp raised its stake in shares of EVI Industries by 1.9% in the third quarter. State Street Corp now owns 88,520 shares of the industrial products company’s stock worth $1,739,000 after acquiring an additional 1,685 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of EVI Industries by 18.7% in the second quarter. Renaissance Technologies LLC now owns 13,765 shares of the industrial products company’s stock valued at $260,000 after purchasing an additional 2,168 shares in the last quarter. Institutional investors own 37.30% of the company’s stock.

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.