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

EVI Industries, Inc. (NYSEAMERICAN:EVI) was the target of a significant increase in short interest in January. As of January 30th, there was short interest totaling 113,276 shares, an increase of 40.0% from the January 15th total of 80,936 shares. Currently, 1.7% of the company’s stock are sold short. Based on an average daily volume of 13,868 shares, the short-interest ratio is currently 8.2 days. Based on an average daily volume of 13,868 shares, the short-interest ratio is currently 8.2 days. Currently, 1.7% of the company’s stock are sold short.

EVI Industries Price Performance

Shares of EVI stock traded down $0.12 on Friday, reaching $20.94. 9,264 shares of the company were exchanged, compared to its average volume of 14,067. The company has a market cap of $269.29 million, a price-to-earnings ratio of 44.55 and a beta of 0.04. EVI Industries has a 1 year low of $14.99 and a 1 year high of $34.82. The business has a 50-day moving average price of $24.39 and a 200 day moving average price of $25.52. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.74 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 the consensus estimate of $0.16 by ($0.01). The firm had revenue of $115.29 million for the quarter, compared to analysts’ expectations of $108.00 million. EVI Industries had a return on equity of 5.18% and a net margin of 1.72%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC acquired a new stake in shares of EVI Industries during the second quarter worth about $381,000. Conestoga Capital Advisors LLC boosted its position in shares of EVI Industries by 2.7% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 833,551 shares of the industrial products company’s stock valued at $18,196,000 after purchasing an additional 21,891 shares during the period. King Luther Capital Management Corp grew its stake in EVI Industries by 13.5% during the 2nd quarter. King Luther Capital Management Corp now owns 210,500 shares of the industrial products company’s stock worth $4,595,000 after buying an additional 25,000 shares during the last quarter. Ritholtz Wealth Management acquired a new position in EVI Industries during the third quarter worth approximately $739,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of EVI Industries by 30,492.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,212,392 shares of the industrial products company’s stock valued at $29,873,000 after acquiring an additional 1,208,429 shares during the period. 37.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, DA Davidson reissued a “buy” rating and issued a $35.00 price target on shares of EVI Industries in a report on Wednesday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, EVI Industries presently has an average rating of “Buy” and a consensus target price of $35.00.

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. 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.