Enviri Co. (NYSE:NVRI) Sees Significant Growth in Short Interest

Enviri Co. (NYSE:NVRI - Get Free Report) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 4,360,000 shares, a growth of 20.8% from the February 28th total of 3,610,000 shares. Based on an average daily trading volume, of 1,090,000 shares, the days-to-cover ratio is presently 4.0 days. Approximately 5.8% of the shares of the stock are sold short.

Enviri Trading Down 3.9 %

Shares of NYSE:NVRI traded down $0.22 during trading on Monday, reaching $5.26. The stock had a trading volume of 1,184,433 shares, compared to its average volume of 671,664. Enviri has a 52 week low of $4.96 and a 52 week high of $12.79. The firm's fifty day moving average is $7.52 and its 200 day moving average is $8.20. The stock has a market cap of $421.52 million, a price-to-earnings ratio of -3.31 and a beta of 1.97. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.99 and a current ratio of 1.25.

Enviri (NYSE:NVRI - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.09) by $0.05. The company had revenue of $558.71 million for the quarter, compared to analysts' expectations of $578.98 million. Enviri had a negative net margin of 5.46% and a negative return on equity of 0.90%. During the same quarter in the prior year, the firm earned ($0.07) EPS. As a group, equities analysts forecast that Enviri will post -0.13 EPS for the current fiscal year.

Insider Buying and Selling

In other Enviri news, CFO Tom George Vadaketh acquired 40,297 shares of the company's stock in a transaction that occurred on Friday, March 14th. The stock was acquired at an average cost of $6.20 per share, for a total transaction of $249,841.40. Following the transaction, the chief financial officer now directly owns 132,431 shares in the company, valued at $821,072.20. This represents a 43.74 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Russell C. Hochman bought 40,127 shares of the stock in a transaction on Friday, March 14th. The shares were acquired at an average cost of $6.27 per share, with a total value of $251,596.29. Following the purchase, the senior vice president now owns 120,357 shares of the company's stock, valued at approximately $754,638.39. This represents a 50.01 % increase in their position. The disclosure for this purchase can be found here. 2.50% of the stock is currently owned by company insiders.

Institutional Trading of Enviri

Several hedge funds have recently bought and sold shares of NVRI. D. E. Shaw & Co. Inc. lifted its stake in shares of Enviri by 30.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 4,825,488 shares of the company's stock valued at $37,156,000 after buying an additional 1,127,647 shares in the last quarter. Neuberger Berman Group LLC increased its holdings in Enviri by 3.4% during the 4th quarter. Neuberger Berman Group LLC now owns 4,746,964 shares of the company's stock worth $36,530,000 after purchasing an additional 155,146 shares in the last quarter. Paradigm Capital Management Inc. NY lifted its holdings in shares of Enviri by 14.4% in the fourth quarter. Paradigm Capital Management Inc. NY now owns 4,475,900 shares of the company's stock valued at $34,464,000 after purchasing an additional 563,100 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Enviri by 4.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,468,989 shares of the company's stock worth $34,411,000 after acquiring an additional 191,777 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Enviri by 0.5% during the third quarter. State Street Corp now owns 2,988,970 shares of the company's stock valued at $30,906,000 after purchasing an additional 13,902 shares in the last quarter. Institutional investors and hedge funds own 93.43% of the company's stock.

About Enviri

Enviri Corporation provides environmental solutions for industrial and specialty waste streams in the United States and internationally. The company operates through two segments: Harsco Environmental and Clean Earth. The Harsco Environmental segment offers on-site services under long-term contracts for material logistics, product quality improvement, and resource recovery for iron, steel, and metals manufacturing; manufactures and sells industrial abrasives, roofing granules, aluminum dross, and scrap processing systems; and meltshop and furnace services, such as under-vessel cleaning, removal of ladle slag, and general melt shop debris.