Everi Holdings Inc. (NYSE:EVRI) Short Interest Down 5.1% in January

Everi Holdings Inc. (NYSE:EVRI - Get Free Report) was the recipient of a significant decrease in short interest in January. As of January 15th, there was short interest totalling 2,770,000 shares, a decrease of 5.1% from the December 31st total of 2,920,000 shares. Based on an average daily volume of 551,400 shares, the short-interest ratio is currently 5.0 days. Currently, 3.3% of the company's shares are sold short.

Everi Stock Performance

NYSE:EVRI traded up $0.05 during mid-day trading on Wednesday, reaching $13.67. 274,079 shares of the company's stock were exchanged, compared to its average volume of 534,496. Everi has a one year low of $6.37 and a one year high of $13.66. The firm has a market capitalization of $1.18 billion, a PE ratio of 91.11 and a beta of 2.05. The business's fifty day simple moving average is $13.53 and its two-hundred day simple moving average is $13.16. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.97 and a current ratio of 1.06.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Everi in a research note on Wednesday, January 29th. They set a "hold" rating for the company. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $12.88.

Insider Buying and Selling at Everi

In related news, Director Geoffrey P. Judge sold 16,000 shares of the stock in a transaction 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 transaction, the director now owns 91,572 shares in the company, valued at approximately $1,224,317.64. This represents a 14.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Mark F. Labay sold 50,000 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $13.38, for a total transaction of $669,000.00. Following the transaction, the chief financial officer now owns 142,426 shares of the company's stock, valued at $1,905,659.88. The trade was a 25.98 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 255,476 shares of company stock valued at $3,435,636. Corporate insiders own 6.40% of the company's stock.

Hedge Funds Weigh In On Everi

Several hedge funds have recently bought and sold shares of the company. Glazer Capital LLC acquired a new stake in shares of Everi in the 3rd quarter valued at approximately $33,507,000. Alpine Associates Management Inc. acquired a new stake in shares of Everi in the 3rd quarter valued at approximately $24,815,000. Clearbridge Investments LLC boosted its stake in shares of Everi by 85.3% in the 2nd quarter. Clearbridge Investments LLC now owns 2,785,753 shares of the credit services provider's stock valued at $23,400,000 after purchasing an additional 1,282,682 shares in the last quarter. Westchester Capital Management LLC acquired a new stake in Everi during the 3rd quarter worth approximately $16,662,000. Finally, Sand Grove Capital Management LLP acquired a new stake in Everi during the 3rd quarter worth approximately $15,806,000. 95.47% of the stock is owned by institutional investors.

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.