EVI Industries, Inc. (NYSEAMERICAN:EVI) Short Interest Down 14.7% in August

EVI Industries, Inc. (NYSEAMERICAN:EVI) 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.