Ennis, Inc. (NYSE:EBF) Short Interest Update

Ennis, Inc. (NYSE:EBF) was the recipient of a large decline in short interest in November. As of November 30th, there was short interest totalling 584,600 shares, a decline of 6.0% from the November 15th total of 621,600 shares. Approximately 2.4% of the company’s stock are short sold. Based on an average trading volume of 185,100 shares, the short-interest ratio is currently 3.2 days.

Ennis Stock Down 0.4 %

NYSE:EBF traded down $0.08 during trading hours on Tuesday, reaching $21.41. 45,085 shares of the stock were exchanged, compared to its average volume of 126,160. The stock has a market capitalization of $556.75 million, a P/E ratio of 13.62 and a beta of 0.41. The firm has a 50 day simple moving average of $21.27 and a 200-day simple moving average of $22.25. Ennis has a 52 week low of $18.88 and a 52 week high of $25.75.

Ennis (NYSE:EBF) last issued its earnings results on Monday, September 23rd. The industrial products company reported $0.40 earnings per share for the quarter. Ennis had a return on equity of 11.64% and a net margin of 10.15%. The firm had revenue of $99.04 million for the quarter.

Ennis Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, October 11th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, October 11th. This represents a $1.00 annualized dividend and a yield of 4.67%. Ennis’s dividend payout ratio is currently 63.29%.

Analyst Ratings Changes

Separately, StockNews.com downgraded Ennis from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 11th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Point72 Asset Management L.P. purchased a new stake in Ennis during the second quarter valued at about $33,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Ennis during the second quarter valued at approximately $54,000. FMR LLC lifted its position in shares of Ennis by 34.6% in the 3rd quarter. FMR LLC now owns 3,324 shares of the industrial products company’s stock valued at $81,000 after acquiring an additional 855 shares in the last quarter. CWM LLC boosted its stake in Ennis by 97.0% in the 2nd quarter. CWM LLC now owns 3,849 shares of the industrial products company’s stock worth $84,000 after purchasing an additional 1,895 shares during the period. Finally, SG Americas Securities LLC purchased a new position in Ennis during the 3rd quarter worth approximately $103,000. Institutional investors own 74.33% of the company’s stock.

About Ennis

Ennis, Inc manufactures and sells business forms and other business products in the United States. The company offers snap sets, continuous forms, laser cut sheets, tags, labels, envelopes, integrated products, jumbo rolls, and pressure sensitive products under the Ennis, Royal Business Forms, Block Graphics, 360º Custom Labels, ColorWorx, Enfusion, Uncompromised Check Solutions, VersaSeal, Ad Concepts, FormSource Limited, Star Award Ribbon Company, Witt Printing, B&D Litho, Genforms, PrintGraphics, Calibrated Forms, PrintXcel, Printegra, Forms Manufacturers, Mutual Graphics, TRI-C Business Forms, Major Business Systems, Independent Printing, Hoosier Data Forms, Hayes Graphics, Wright Business Graphics, Wright 360, Integrated Print & Graphics, the Flesh Company, Impressions Direct, and AmeriPrint brands.