EVI Industries Inc (NYSEAMERICAN:EVI) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totalling 980,598 shares, a growth of 3.5% from the April 15th total of 947,849 shares. Currently, 24.8% of the company’s stock are short sold. Based on an average daily volume of 11,003 shares, the days-to-cover ratio is currently 89.1 days.

NYSEAMERICAN:EVI traded down $0.08 during mid-day trading on Tuesday, hitting $36.06. The stock had a trading volume of 19,201 shares, compared to its average volume of 20,139. EVI Industries has a twelve month low of $25.39 and a twelve month high of $48.45.

In related news, CEO Henry M. Nahmad sold 31,226 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $38.25, for a total value of $1,194,394.50. Following the sale, the chief executive officer now owns 782,993 shares of the company’s stock, valued at $29,949,482.25. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Large investors have recently modified their holdings of the stock. Northern Trust Corp grew its position in shares of EVI Industries by 0.7% during the first quarter. Northern Trust Corp now owns 46,960 shares of the industrial products company’s stock worth $1,790,000 after acquiring an additional 343 shares during the last quarter. Citigroup Inc. grew its position in shares of EVI Industries by 35.8% during the first quarter. Citigroup Inc. now owns 3,161 shares of the industrial products company’s stock worth $121,000 after acquiring an additional 834 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of EVI Industries by 22.3% during the third quarter. Bank of New York Mellon Corp now owns 13,635 shares of the industrial products company’s stock worth $531,000 after acquiring an additional 2,486 shares during the last quarter. Vanguard Group Inc. grew its position in shares of EVI Industries by 1.5% during the third quarter. Vanguard Group Inc. now owns 177,681 shares of the industrial products company’s stock worth $6,921,000 after acquiring an additional 2,546 shares during the last quarter. Finally, Vanguard Group Inc grew its position in shares of EVI Industries by 1.5% during the third quarter. Vanguard Group Inc now owns 177,681 shares of the industrial products company’s stock worth $6,921,000 after acquiring an additional 2,546 shares during the last quarter.

Separately, TheStreet raised shares of EVI Industries from a “c+” rating to a “b-” rating in a report on Monday, February 25th.

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EVI Industries Company Profile

EVI Industries, Inc, through its subsidiaries, distributes, leases, and rents commercial, industrial, and vended laundry and dry cleaning equipment, and steam and hot water boilers in the United States, Canada, the Caribbean, and Latin America. It also supplies related replacement parts and accessories; designs and plans laundry, dry cleaning, and boiler systems; and provides installation and maintenance services to commercial, industrial, institutional, government, and retail customers.

Further Reading: What is the Difference Between Common Shares and Convertible Shares?

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