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

Everi Holdings Inc. (NYSE:EVRI - Get Free Report) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 2,770,000 shares, a decline of 5.1% from the December 15th total of 2,920,000 shares. Currently, 3.3% of the shares of the company are sold short. Based on an average trading volume of 551,400 shares, the days-to-cover ratio is presently 5.0 days.

Everi Price Performance

EVRI stock traded down $0.03 during trading hours on Friday, hitting $13.56. 278,392 shares of the stock traded hands, compared to its average volume of 495,509. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84. The stock has a 50-day simple moving average of $13.48 and a 200 day simple moving average of $12.71. Everi has a one year low of $6.37 and a one year high of $13.65. The company has a market cap of $1.17 billion, a P/E ratio of 90.41 and a beta of 2.06.

Insider Activity

In other news, EVP Darren Simmons sold 50,000 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $13.46, for a total value of $673,000.00. Following the completion of the transaction, the executive vice president now owns 140,425 shares of the company's stock, valued at approximately $1,890,120.50. This represents a 26.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Geoffrey P. Judge sold 16,000 shares of Everi stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $13.37, for a total transaction of $213,920.00. Following the sale, 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 255,476 shares of company stock valued at $3,435,636. 6.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Everi

Several large investors have recently made changes to their positions in EVRI. Clearbridge Investments LLC raised its position in shares of Everi by 85.3% during the second quarter. Clearbridge Investments LLC now owns 2,785,753 shares of the credit services provider's stock worth $23,400,000 after purchasing an additional 1,282,682 shares during the period. Glazer Capital LLC acquired a new stake in Everi during the 3rd quarter worth about $33,507,000. Alpine Associates Management Inc. purchased a new stake in Everi during the third quarter valued at about $24,815,000. Geode Capital Management LLC increased its position in shares of Everi by 1.5% in the third quarter. Geode Capital Management LLC now owns 1,860,321 shares of the credit services provider's stock worth $24,450,000 after acquiring an additional 27,670 shares in the last quarter. Finally, Westchester Capital Management LLC acquired a new stake in shares of Everi during the third quarter valued at approximately $16,662,000. Institutional investors own 95.47% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Everi in a research note on Monday, January 13th. They set a "hold" rating on the stock. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $12.88.

Everi Company Profile

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.