Ennis, Inc. (NYSE:EBF) Short Interest Down 6.0% in November

Ennis, Inc. (NYSE:EBF - Get Free Report) was the recipient of a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 584,600 shares, a decline of 6.0% from the November 15th total of 621,600 shares. Currently, 2.4% of the company's shares are sold short. Based on an average trading volume of 185,100 shares, the short-interest ratio is currently 3.2 days.

Hedge Funds Weigh In On Ennis

Several institutional investors and hedge funds have recently modified their holdings of EBF. Creative Planning boosted its position in shares of Ennis by 84.9% during the 3rd quarter. Creative Planning now owns 57,093 shares of the industrial products company's stock worth $1,389,000 after acquiring an additional 26,207 shares in the last quarter. Koss Olinger Consulting LLC acquired a new stake in shares of Ennis in the 2nd quarter valued at about $494,000. Cubist Systematic Strategies LLC bought a new stake in shares of Ennis during the second quarter valued at approximately $543,000. AQR Capital Management LLC raised its holdings in Ennis by 74.5% during the second quarter. AQR Capital Management LLC now owns 268,172 shares of the industrial products company's stock worth $5,870,000 after buying an additional 114,516 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of Ennis by 97.0% in the 2nd quarter. CWM LLC now owns 3,849 shares of the industrial products company's stock worth $84,000 after acquiring an additional 1,895 shares during the last quarter. 74.33% of the stock is currently owned by institutional investors and hedge funds.

Ennis Trading Down 1.0 %

Shares of NYSE EBF traded down $0.21 during midday trading on Tuesday, reaching $21.28. The company's stock had a trading volume of 146,643 shares, compared to its average volume of 126,594. The stock has a market capitalization of $553.24 million, a price-to-earnings ratio of 13.62 and a beta of 0.41. Ennis has a fifty-two week low of $18.88 and a fifty-two week high of $25.75. The stock has a 50 day simple moving average of $21.27 and a 200-day simple moving average of $22.25.

Ennis (NYSE:EBF - Get Free Report) last issued its earnings results on Monday, September 23rd. The industrial products company reported $0.40 earnings per share for the quarter. Ennis had a net margin of 10.15% and a return on equity of 11.64%. The business had revenue of $99.04 million for the quarter.

Ennis Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, October 11th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.70%. The ex-dividend date was Friday, October 11th. Ennis's dividend payout ratio is presently 63.29%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Ennis from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, December 11th.

Ennis Company Profile

Ennis, Inc manufactures and sells business forms and other business products in the United States. The company offers snap sets, continuous forms, laser cut sheets, tags, labels, envelopes, integrated products, jumbo rolls, and pressure sensitive products under the Ennis, Royal Business Forms, Block Graphics, 360º Custom Labels, ColorWorx, Enfusion, Uncompromised Check Solutions, VersaSeal, Ad Concepts, FormSource Limited, Star Award Ribbon Company, Witt Printing, B&D Litho, Genforms, PrintGraphics, Calibrated Forms, PrintXcel, Printegra, Forms Manufacturers, Mutual Graphics, TRI-C Business Forms, Major Business Systems, Independent Printing, Hoosier Data Forms, Hayes Graphics, Wright Business Graphics, Wright 360, Integrated Print & Graphics, the Flesh Company, Impressions Direct, and AmeriPrint brands.