EVI Industries, Inc. (NYSEAMERICAN:EVI – Get Free Report) was the recipient of a large decrease in short interest in August. As of August 15th, there was short interest totalling 128,800 shares, a decrease of 14.7% from the July 31st total of 151,000 shares. Based on an average daily trading volume, of 19,900 shares, the short-interest ratio is presently 6.5 days. Currently, 2.6% of the company’s shares are sold short.
Hedge Funds Weigh In On EVI Industries
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Gladius Capital Management LP acquired a new position in EVI Industries during the 2nd quarter worth approximately $29,000. American International Group Inc. increased its holdings in shares of EVI Industries by 35.6% during the first quarter. American International Group Inc. now owns 3,195 shares of the industrial products company’s stock valued at $80,000 after acquiring an additional 838 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of EVI Industries by 42.8% during the first quarter. BNP Paribas Financial Markets now owns 4,850 shares of the industrial products company’s stock worth $121,000 after purchasing an additional 1,454 shares during the period. Northwestern Mutual Wealth Management Co. bought a new position in shares of EVI Industries in the 2nd quarter worth $158,000. Finally, Renaissance Technologies LLC grew its position in EVI Industries by 18.7% in the 2nd quarter. Renaissance Technologies LLC now owns 13,765 shares of the industrial products company’s stock valued at $260,000 after purchasing an additional 2,168 shares during the period. Institutional investors own 37.30% of the company’s stock.
EVI Industries Stock Down 1.0 %
NYSEAMERICAN EVI traded down $0.16 on Monday, hitting $16.53. 2,900 shares of the company were exchanged, compared to its average volume of 17,417. The company has a quick ratio of 0.80, a current ratio of 1.53 and a debt-to-equity ratio of 0.16. The firm has a market cap of $209.60 million, a PE ratio of 44.68 and a beta of 0.38. EVI Industries has a 12 month low of $14.51 and a 12 month high of $28.65.
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.
Recommended Stories
- Five stocks we like better than EVI Industries
- The 3 Best Blue-Chip Stocks to Buy Now
- Autodesk Stock: Analysts’ Top AI Pick You Shouldn’t Overlook
- Canadian Penny Stocks: Can They Make You Rich?
- Hidden Opportunities in Li Auto’s Tough Quarter You Can’t Miss
- Election Stocks: How Elections Affect the Stock Market
- Don’t Overlook Campbell Soup: Here’s What Could Drive Its Stock
Receive News & Ratings for EVI Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EVI Industries and related companies with MarketBeat.com's FREE daily email newsletter.