Short Interest in EVI Industries, Inc. (NYSEAMERICAN:EVI) Drops By 7.8%

EVI Industries, Inc. (NYSEAMERICAN:EVI - Get Free Report) was the recipient of a large decrease in short interest in November. As of November 30th, there was short interest totalling 118,900 shares, a decrease of 7.8% from the November 15th total of 128,900 shares. Approximately 2.1% of the shares of the company are sold short. Based on an average daily volume of 13,600 shares, the short-interest ratio is currently 8.7 days.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of EVI Industries from a "hold" rating to a "buy" rating in a research report on Tuesday, November 19th.

EVI Industries Price Performance

Shares of NYSEAMERICAN:EVI traded down $0.30 during trading on Monday, hitting $18.21. The company had a trading volume of 15,252 shares, compared to its average volume of 16,192. The firm has a market capitalization of $259.06 million, a price-to-earnings ratio of 36.02 and a beta of 0.35. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.44 and a quick ratio of 0.79. EVI Industries has a one year low of $14.51 and a one year high of $25.50.

EVI Industries (NYSEAMERICAN:EVI - Get Free Report) last released its earnings results on Thursday, September 12th. The industrial products company reported $0.14 EPS for the quarter. EVI Industries had a return on equity of 5.65% and a net margin of 2.11%. The firm had revenue of $90.15 million for the quarter.

Institutional Trading of EVI Industries

Hedge funds have recently added to or reduced their stakes in the business. FMR LLC lifted its stake in shares of EVI Industries by 1,868.5% during the 3rd quarter. FMR LLC now owns 4,252 shares of the industrial products company's stock worth $82,000 after purchasing an additional 4,036 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in EVI Industries by 122.3% in the third quarter. BNP Paribas Financial Markets now owns 4,338 shares of the industrial products company's stock worth $84,000 after purchasing an additional 2,387 shares in the last quarter. Barclays PLC lifted its position in shares of EVI Industries by 206.6% during the third quarter. Barclays PLC now owns 7,244 shares of the industrial products company's stock valued at $139,000 after buying an additional 4,881 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of EVI Industries during the 2nd quarter worth approximately $158,000. Finally, Bard Associates Inc. purchased a new stake in EVI Industries during the third quarter valued at approximately $223,000. 37.30% of the stock is owned by hedge funds and other institutional investors.

EVI Industries Company Profile

EVI Industries, Inc, through its subsidiaries, engages in the distribution, sale, rental, and lease of commercial and industrial laundry and dry-cleaning equipment in the United States, Canada, the Caribbean, and Latin America. The company sells and/or leases commercial laundry equipment specializing in washing, drying, finishing, material handling, water heating, power generation, and water reuse applications.