Short Interest in EVI Industries, Inc. (NYSEAMERICAN:EVI) Decreases By 12.1%

EVI Industries, Inc. (NYSEAMERICAN:EVI) was the target of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 93,400 shares, a decrease of 12.1% from the December 15th total of 106,200 shares. Currently, 1.5% of the company’s stock are short sold. Based on an average daily volume of 14,100 shares, the days-to-cover ratio is presently 6.6 days.

Hedge Funds Weigh In On EVI Industries

Several large investors have recently modified their holdings of EVI. Bank of New York Mellon Corp grew its position in 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 valued at $407,000 after purchasing an additional 1,422 shares during the last quarter. Captrust Financial Advisors grew its holdings in shares of EVI Industries by 1.1% during the third quarter. Captrust Financial Advisors now owns 138,985 shares of the industrial products company’s stock valued at $2,687,000 after buying an additional 1,472 shares during the last quarter. Natixis Advisors LLC increased its position in shares of EVI Industries by 4.6% during the third quarter. Natixis Advisors LLC now owns 33,726 shares of the industrial products company’s stock valued at $652,000 after acquiring an additional 1,485 shares in the last quarter. State Street Corp raised its holdings in EVI Industries by 1.9% in the 3rd 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 raised its holdings in EVI Industries by 18.7% in the 2nd quarter. Renaissance Technologies LLC now owns 13,765 shares of the industrial products company’s stock worth $260,000 after acquiring an additional 2,168 shares during the last quarter. Hedge funds and other institutional investors own 37.30% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of EVI Industries from a “buy” rating to a “hold” rating in a report on Monday, January 13th.

EVI Industries Trading Up 0.7 %

EVI Industries stock traded up $0.11 during mid-day trading on Friday, hitting $17.01. The company had a trading volume of 23,059 shares, compared to its average volume of 12,148. EVI Industries has a 12 month low of $14.51 and a 12 month high of $25.50. The company has a market capitalization of $242.05 million, a price-to-earnings ratio of 33.60 and a beta of 0.39. The company has a current ratio of 1.44, a quick ratio of 0.79 and a debt-to-equity ratio of 0.15.

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.