Envirostar Inc (NYSEAMERICAN:EVI) was the recipient of a significant increase in short interest in February. As of February 28th, there was short interest totalling 606,219 shares, an increase of 0.3% from the February 15th total of 604,306 shares. Approximately 18.3% of the shares of the stock are short sold. Based on an average trading volume of 11,139 shares, the days-to-cover ratio is presently 54.4 days.
Separately, TheStreet upgraded shares of Envirostar from a “c+” rating to a “b” rating in a research report on Thursday, December 21st.
A number of institutional investors and hedge funds have recently bought and sold shares of EVI. Northern Trust Corp acquired a new position in shares of Envirostar during the second quarter worth approximately $1,005,000. Arbor Wealth Management LLC increased its position in shares of Envirostar by 122.5% during the third quarter. Arbor Wealth Management LLC now owns 19,452 shares of the industrial products company’s stock valued at $507,000 after purchasing an additional 10,711 shares during the period. Conestoga Capital Advisors LLC bought a new stake in shares of Envirostar during the fourth quarter valued at approximately $9,834,000. Granite Investment Partners LLC bought a new stake in shares of Envirostar during the fourth quarter valued at approximately $1,569,000. Finally, CI Global Investments Inc. bought a new stake in shares of Envirostar during the third quarter valued at approximately $2,765,000.
NYSEAMERICAN:EVI traded down $0.50 on Monday, hitting $39.25. 20,600 shares of the company’s stock traded hands, compared to its average volume of 23,667. Envirostar has a 1 year low of $18.25 and a 1 year high of $43.10.
Envirostar (NYSEAMERICAN:EVI) last announced its quarterly earnings results on Wednesday, February 14th. The industrial products company reported $0.13 earnings per share (EPS) for the quarter. Envirostar had a return on equity of 14.85% and a net margin of 4.18%. The business had revenue of $36.14 million during the quarter.
EnviroStar, Inc, through its subsidiary, Steiner-Atlantic Corp., distributes commercial and industrial laundry and dry cleaning equipment, and steam and hot water boilers manufactured by others; supplies replacement parts and accessories, and provides maintenance services to its customers, and designs and plans turnkey laundry, dry cleaning and boiler systems for its institutional, retail, industrial and commercial customers.
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