EVI Industries, Inc. (NYSEAMERICAN:EVI) Short Interest Up 17.8% in March

EVI Industries, Inc. (NYSEAMERICAN:EVI) saw a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 131,185 shares, a growth of 17.8% from the February 26th total of 111,324 shares. Approximately 2.2% of the shares of the company are short sold. Based on an average daily trading volume, of 29,917 shares, the days-to-cover ratio is presently 4.4 days.

Analysts Set New Price Targets

Separately, DA Davidson restated a “buy” rating and set a $35.00 price target on shares of EVI Industries in a research report on Wednesday, February 11th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, EVI Industries has an average rating of “Buy” and an average target price of $35.00.

EVI Industries Price Performance

Shares of EVI stock traded down $0.03 during midday trading on Tuesday, reaching $20.58. 13,557 shares of the company were exchanged, compared to its average volume of 27,422. The company’s 50 day moving average price is $21.77 and its two-hundred day moving average price is $24.33. The company has a market cap of $264.66 million, a P/E ratio of 43.79 and a beta of 0.08. EVI Industries has a 12 month low of $14.99 and a 12 month high of $34.82. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.77 and a current ratio of 1.58.

EVI Industries (NYSEAMERICAN:EVI) last posted its quarterly earnings data on Monday, February 9th. The industrial products company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). EVI Industries had a net margin of 1.72% and a return on equity of 5.18%. The company had revenue of $115.29 million for the quarter, compared to analyst estimates of $108.00 million.

Institutional Trading of EVI Industries

A number of hedge funds and other institutional investors have recently modified their holdings of EVI. Bard Associates Inc. lifted its holdings in shares of EVI Industries by 4.5% in the fourth quarter. Bard Associates Inc. now owns 14,720 shares of the industrial products company’s stock valued at $363,000 after buying an additional 631 shares during the period. State Street Corp grew its holdings in EVI Industries by 0.8% during the fourth quarter. State Street Corp now owns 89,460 shares of the industrial products company’s stock worth $2,204,000 after acquiring an additional 715 shares during the period. Wells Fargo & Company MN raised its position in EVI Industries by 12.6% in the fourth quarter. Wells Fargo & Company MN now owns 16,498 shares of the industrial products company’s stock worth $407,000 after acquiring an additional 1,852 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in EVI Industries by 4.4% in the 4th quarter. Renaissance Technologies LLC now owns 16,697 shares of the industrial products company’s stock valued at $411,000 after acquiring an additional 700 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in EVI Industries by 3.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 107,563 shares of the industrial products company’s stock valued at $2,652,000 after acquiring an additional 3,183 shares during 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. It offers washroom equipment, such as washers and dryers, tunnel systems, and vended machines; finishing equipment comprising sheet feeders, flatwork ironers, automatic sheet folders, and stackers; and material handling equipment, including conveyor and rail systems.