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

EVI Industries, Inc. (NYSEAMERICAN:EVI) saw a significant drop in short interest in December. As of December 15th, there was short interest totalling 106,200 shares, a drop of 10.7% from the November 30th total of 118,900 shares. Approximately 1.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 13,100 shares, the days-to-cover ratio is presently 8.1 days.

Institutional Trading of EVI Industries

Hedge funds have recently modified their holdings of the stock. Raymond James & Associates raised its stake in EVI Industries by 2.7% during the second quarter. Raymond James & Associates now owns 188,083 shares of the industrial products company’s stock worth $3,559,000 after acquiring an additional 4,918 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of EVI Industries by 7.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 21,499 shares of the industrial products company’s stock valued at $407,000 after buying an additional 1,422 shares during the last quarter. Renaissance Technologies LLC increased its position in EVI Industries by 18.7% during the 2nd 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 during the period. Northwestern Mutual Wealth Management Co. acquired a new position in shares of EVI Industries in the 2nd quarter valued at about $158,000. Finally, Conestoga Capital Advisors LLC grew its holdings in EVI Industries by 1.3% in the third quarter. Conestoga Capital Advisors LLC now owns 775,266 shares of the industrial products company’s stock worth $14,986,000 after purchasing an additional 9,615 shares during the period. Institutional investors and hedge funds own 37.30% of the company’s stock.

EVI Industries Trading Down 3.9 %

NYSEAMERICAN EVI traded down $0.66 during trading on Wednesday, hitting $16.35. The stock had a trading volume of 19,460 shares, compared to its average volume of 16,143. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.79 and a current ratio of 1.44. EVI Industries has a 12 month low of $14.51 and a 12 month high of $25.50. The stock has a market capitalization of $232.66 million, a price-to-earnings ratio of 32.70 and a beta of 0.35.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of EVI Industries from a “buy” rating to a “hold” rating in a research report on Monday.

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.