Everi Holdings Inc. (NYSE:EVRI) Short Interest Update

Everi Holdings Inc. (NYSE:EVRI) was the target of a large drop in short interest in December. As of December 31st, there was short interest totalling 2,770,000 shares, a drop of 5.1% from the December 15th total of 2,920,000 shares. Currently, 3.3% of the shares of the stock are short sold. Based on an average daily volume of 551,400 shares, the days-to-cover ratio is presently 5.0 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Everi in a research report on Monday, January 13th. They set a “hold” rating for the company. Six analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $12.88.

Everi Stock Performance

Shares of EVRI opened at $13.56 on Friday. Everi has a 1 year low of $6.37 and a 1 year high of $13.65. The company’s 50 day simple moving average is $13.48 and its 200 day simple moving average is $12.71. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 90.41 and a beta of 2.06. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.97 and a current ratio of 1.06.

Insider Activity

In other Everi news, Chairman Michael D. Rumbolz sold 50,000 shares of Everi stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $13.47, for a total transaction of $673,500.00. Following the completion of the transaction, the chairman now owns 1,032,062 shares in the company, valued at approximately $13,901,875.14. The trade was a 4.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Geoffrey P. Judge sold 16,000 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $13.37, for a total transaction of $213,920.00. Following the completion of the sale, the director now owns 91,572 shares in the company, valued at $1,224,317.64. This represents a 14.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 255,476 shares of company stock worth $3,435,636 in the last 90 days. 6.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Stifel Financial Corp increased its stake in Everi by 12.2% in the third quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider’s stock valued at $172,000 after purchasing an additional 1,423 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Everi by 6.6% during the 3rd quarter. Franklin Resources Inc. now owns 41,542 shares of the credit services provider’s stock valued at $550,000 after acquiring an additional 2,564 shares during the last quarter. Quarry LP lifted its holdings in shares of Everi by 38.9% during the 2nd quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock worth $86,000 after acquiring an additional 2,864 shares during the period. Nordea Investment Management AB boosted its position in shares of Everi by 1.2% in the fourth quarter. Nordea Investment Management AB now owns 295,960 shares of the credit services provider’s stock worth $3,995,000 after acquiring an additional 3,573 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in Everi by 3.7% in the second quarter. Rhumbline Advisers now owns 125,137 shares of the credit services provider’s stock valued at $1,051,000 after purchasing an additional 4,486 shares during the period. Hedge funds and other institutional investors own 95.47% of the company’s stock.

About Everi

Everi Holdings Inc develops and supplies entertaining game content, gaming machines, and gaming systems and services for land-based and iGaming operators in the United States, Canada, and internationally. It operates in Games and Financial Technology Solutions segments. The company offers classic mechanical reel games and video reel games, as well as TournEvent of Champions, a national slot tournament; and sells gaming equipment and player terminals, licenses, game content, and ancillary equipment, such as signage and lighting packages.