Ennis, Inc. (NYSE:EBF) Sees Large Growth in Short Interest

Ennis, Inc. (NYSE:EBF - Get Free Report) was the recipient of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 832,500 shares, a growth of 18.1% from the February 13th total of 705,000 shares. Approximately 3.4% of the company's shares are short sold. Based on an average daily trading volume, of 136,700 shares, the short-interest ratio is presently 6.1 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. FMR LLC increased its position in Ennis by 34.6% in the 3rd quarter. FMR LLC now owns 3,324 shares of the industrial products company's stock worth $81,000 after buying an additional 855 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of Ennis by 14.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 37,033 shares of the industrial products company's stock worth $901,000 after buying an additional 4,619 shares in the last quarter. De Lisle Partners LLP acquired a new position in Ennis during the third quarter worth $250,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Ennis by 61.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 28,751 shares of the industrial products company's stock valued at $699,000 after purchasing an additional 10,995 shares in the last quarter. Finally, Martingale Asset Management L P boosted its position in Ennis by 43.7% in the third quarter. Martingale Asset Management L P now owns 56,363 shares of the industrial products company's stock valued at $1,371,000 after buying an additional 17,137 shares in the last quarter. Hedge funds and other institutional investors own 74.33% of the company's stock.

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Wall Street Analyst Weigh In

Separately, StockNews.com raised Ennis from a "buy" rating to a "strong-buy" rating in a report on Friday, February 21st.

Ennis Stock Performance

Shares of Ennis stock traded down $0.66 during trading on Friday, hitting $20.34. 2,099,752 shares of the stock were exchanged, compared to its average volume of 133,280. Ennis has a 12 month low of $18.88 and a 12 month high of $25.75. The stock's fifty day moving average is $20.87 and its 200 day moving average is $21.51. The stock has a market cap of $529.10 million, a PE ratio of 12.79 and a beta of 0.40.

Ennis (NYSE:EBF - Get Free Report) last posted its quarterly earnings data on Monday, December 23rd. The industrial products company reported $0.39 earnings per share for the quarter, meeting the consensus estimate of $0.39. Ennis had a net margin of 10.35% and a return on equity of 12.16%.

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.