Envela Co. (NYSEAMERICAN:ELA) Short Interest Update

Envela Co. (NYSEAMERICAN:ELA - Get Free Report) saw a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 109,600 shares, a drop of 5.9% from the January 15th total of 116,500 shares. Currently, 1.7% of the company's shares are short sold. Based on an average daily volume of 21,800 shares, the days-to-cover ratio is presently 5.0 days.

Analysts Set New Price Targets

Separately, Lake Street Capital raised their target price on Envela from $6.00 to $7.00 and gave the company a "buy" rating in a report on Wednesday, November 6th.

Envela Trading Down 1.3 %

NYSEAMERICAN:ELA traded down $0.09 during midday trading on Friday, reaching $6.60. 12,329 shares of the company traded hands, compared to its average volume of 15,863. Envela has a twelve month low of $4.20 and a twelve month high of $7.88. The firm has a market capitalization of $171.60 million, a P/E ratio of 27.50 and a beta of 0.35. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.76 and a quick ratio of 2.08.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Barclays PLC raised its stake in shares of Envela by 113.7% in the 3rd quarter. Barclays PLC now owns 5,025 shares of the company's stock worth $28,000 after buying an additional 2,674 shares in the last quarter. Jane Street Group LLC raised its stake in shares of Envela by 72.8% in the 4th quarter. Jane Street Group LLC now owns 30,343 shares of the company's stock worth $218,000 after buying an additional 12,783 shares in the last quarter. Ancora Advisors LLC bought a new stake in shares of Envela in the 4th quarter worth $244,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Envela by 217.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 38,839 shares of the company's stock worth $279,000 after buying an additional 26,598 shares in the last quarter. Finally, US Bancorp DE bought a new stake in shares of Envela in the 3rd quarter worth $339,000. Institutional investors and hedge funds own 8.15% of the company's stock.

Envela Company Profile

Envela Corporation, together with its subsidiaries, operates in the re-commerce sector in the United States. The company operates through two segments, Commercial-Services and Direct-To-Consumer. It provides end-of-life asset recycling; data destruction and IT asset management; and products, services, and solutions to industrial and commercial companies, as well as operates as a re-commerce retailers of luxury hard assets.