EVI Industries, Inc. (NYSEAMERICAN:EVI) Short Interest Down 7.8% in November

EVI Industries, Inc. (NYSEAMERICAN:EVI) saw a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 118,900 shares, a decrease of 7.8% from the November 15th total of 128,900 shares. Currently, 2.1% of the shares of the company are sold short. Based on an average trading volume of 13,600 shares, the days-to-cover ratio is presently 8.7 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. FMR LLC grew its position in EVI Industries by 1,868.5% in the third quarter. FMR LLC now owns 4,252 shares of the industrial products company’s stock worth $82,000 after acquiring an additional 4,036 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in EVI Industries by 122.3% during the third quarter. BNP Paribas Financial Markets now owns 4,338 shares of the industrial products company’s stock worth $84,000 after purchasing an additional 2,387 shares during the last quarter. Barclays PLC boosted its holdings in shares of EVI Industries by 206.6% in the 3rd quarter. Barclays PLC now owns 7,244 shares of the industrial products company’s stock worth $139,000 after purchasing an additional 4,881 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of EVI Industries during the 2nd quarter valued at about $158,000. Finally, Bard Associates Inc. purchased a new position in shares of EVI Industries during the 3rd quarter valued at about $223,000. Hedge funds and other institutional investors own 37.30% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of EVI Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, November 19th.

EVI Industries Stock Performance

EVI Industries stock opened at $18.17 on Wednesday. The stock has a market cap of $258.56 million, a P/E ratio of 36.34 and a beta of 0.35. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.44 and a quick ratio of 0.79. EVI Industries has a 52 week low of $14.51 and a 52 week high of $25.50.

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.