Everi Holdings Inc. (NYSE:EVRI) Short Interest Update

Everi Holdings Inc. (NYSE:EVRI - Get Free Report) was the recipient of a significant decrease in short interest in January. As of January 31st, there was short interest totalling 2,430,000 shares, a decrease of 5.8% from the January 15th total of 2,580,000 shares. Based on an average trading volume of 537,400 shares, the short-interest ratio is currently 4.5 days. Approximately 2.9% of the company's stock are short sold.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Everi in a research note on Friday, February 14th. They set a "hold" rating for the company. Six investment analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $12.88.

Everi Price Performance

EVRI traded down $0.01 on Friday, reaching $13.80. The company had a trading volume of 533,842 shares, compared to its average volume of 525,554. The company has a fifty day moving average of $13.60 and a 200-day moving average of $13.35. The company has a market capitalization of $1.19 billion, a P/E ratio of 91.97 and a beta of 2.05. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84. Everi has a one year low of $6.37 and a one year high of $13.83.

Insider Activity at Everi

In other Everi news, Director Geoffrey P. Judge sold 4,000 shares of the business's stock in a transaction on Friday, December 6th. The shares were sold at an average price of $13.50, for a total transaction of $54,000.00. Following the completion of the sale, the director now owns 91,572 shares in the company, valued at $1,236,222. The trade was a 4.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Michael D. Rumbolz sold 50,000 shares of the business's stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $13.47, for a total transaction of $673,500.00. Following the sale, the chairman now owns 1,032,062 shares of the company's stock, valued at approximately $13,901,875.14. The trade was a 4.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 239,476 shares of company stock valued at $3,221,716 over the last ninety days. Corporate insiders own 6.40% of the company's stock.

Hedge Funds Weigh In On Everi

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC grew its position in Everi by 86.7% in the 3rd quarter. Jane Street Group LLC now owns 162,951 shares of the credit services provider's stock valued at $2,141,000 after buying an additional 75,655 shares in the last quarter. Intech Investment Management LLC acquired a new stake in Everi in the 3rd quarter valued at about $232,000. Franklin Resources Inc. lifted its holdings in Everi by 6.6% in the 3rd quarter. Franklin Resources Inc. now owns 41,542 shares of the credit services provider's stock valued at $550,000 after acquiring an additional 2,564 shares during the last quarter. Huntington National Bank lifted its holdings in Everi by 1,296.2% in the 3rd quarter. Huntington National Bank now owns 5,892 shares of the credit services provider's stock valued at $77,000 after acquiring an additional 5,470 shares during the last quarter. Finally, Wolverine Asset Management LLC acquired a new stake in Everi in the 3rd quarter valued at about $2,113,000. Institutional investors own 95.47% of the company's stock.

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.