EVI Industries, Inc. (NYSEAMERICAN:EVI) Short Interest Update

EVI Industries, Inc. (NYSEAMERICAN:EVI - Get Free Report) saw a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 93,400 shares, a drop of 12.1% from the December 15th total of 106,200 shares. Currently, 1.5% of the company's shares are short sold. Based on an average daily volume of 14,100 shares, the days-to-cover ratio is currently 6.6 days.

Institutional Investors Weigh In On EVI Industries

Several institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC raised its stake in EVI Industries by 1,868.5% in the third quarter. FMR LLC now owns 4,252 shares of the industrial products company's stock worth $82,000 after buying an additional 4,036 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of EVI Industries by 122.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,338 shares of the industrial products company's stock worth $84,000 after acquiring an additional 2,387 shares during the period. Barclays PLC raised its position in shares of EVI Industries by 206.6% in the 3rd quarter. Barclays PLC now owns 7,244 shares of the industrial products company's stock worth $139,000 after acquiring an additional 4,881 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in shares of EVI Industries in the 2nd quarter valued at approximately $158,000. Finally, JPMorgan Chase & Co. boosted its position in shares of EVI Industries by 112.5% during the third quarter. JPMorgan Chase & Co. now owns 10,341 shares of the industrial products company's stock valued at $200,000 after purchasing an additional 5,474 shares in the last quarter. 37.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered EVI Industries from a "buy" rating to a "hold" rating in a research report on Monday, January 13th.

EVI Industries Stock Performance

EVI stock traded up $0.11 on Friday, reaching $17.01. The company's stock had a trading volume of 23,059 shares, compared to its average volume of 12,148. The firm has a market capitalization of $242.05 million, a price-to-earnings ratio of 33.60 and a beta of 0.39. EVI Industries has a 12-month low of $14.51 and a 12-month high of $25.50. The company has a quick ratio of 0.79, a current ratio of 1.44 and a debt-to-equity ratio of 0.15.

About EVI Industries

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.

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