Short Interest in Ennis, Inc. (NYSE:EBF) Declines By 6.0%

Ennis, Inc. (NYSE:EBF) was the recipient of a large drop in short interest in November. As of November 30th, there was short interest totalling 584,600 shares, a drop of 6.0% from the November 15th total of 621,600 shares. Based on an average daily trading volume, of 185,100 shares, the days-to-cover ratio is presently 3.2 days. Approximately 2.4% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Point72 Asset Management L.P. purchased a new position in Ennis in the 2nd quarter worth approximately $33,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Ennis during the 2nd quarter worth approximately $54,000. FMR LLC increased its holdings in shares of Ennis by 34.6% during the 3rd quarter. FMR LLC now owns 3,324 shares of the industrial products company’s stock worth $81,000 after buying an additional 855 shares during the last quarter. CWM LLC increased its holdings in shares of Ennis by 97.0% during the 2nd quarter. CWM LLC now owns 3,849 shares of the industrial products company’s stock worth $84,000 after buying an additional 1,895 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Ennis during the 3rd quarter worth approximately $103,000. 74.33% of the stock is owned by hedge funds and other institutional investors.

Ennis Price Performance

EBF opened at $21.28 on Wednesday. The company’s 50 day simple moving average is $21.21 and its two-hundred day simple moving average is $22.25. Ennis has a 1-year low of $18.88 and a 1-year high of $25.75. The firm has a market capitalization of $553.24 million, a price-to-earnings ratio of 13.47 and a beta of 0.41.

Ennis (NYSE:EBF) last released its earnings results on Monday, September 23rd. The industrial products company reported $0.40 earnings per share for the quarter. Ennis had a net margin of 10.15% and a return on equity of 11.64%. The business had revenue of $99.04 million for the quarter.

Ennis Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 11th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.70%. The ex-dividend date was Friday, October 11th. Ennis’s dividend payout ratio (DPR) is 63.29%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Ennis from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 11th.

Ennis Company Profile

Ennis, Inc manufactures and sells business forms and other business products in the United States. The company offers snap sets, continuous forms, laser cut sheets, tags, labels, envelopes, integrated products, jumbo rolls, and pressure sensitive products under the Ennis, Royal Business Forms, Block Graphics, 360º Custom Labels, ColorWorx, Enfusion, Uncompromised Check Solutions, VersaSeal, Ad Concepts, FormSource Limited, Star Award Ribbon Company, Witt Printing, B&D Litho, Genforms, PrintGraphics, Calibrated Forms, PrintXcel, Printegra, Forms Manufacturers, Mutual Graphics, TRI-C Business Forms, Major Business Systems, Independent Printing, Hoosier Data Forms, Hayes Graphics, Wright Business Graphics, Wright 360, Integrated Print & Graphics, the Flesh Company, Impressions Direct, and AmeriPrint brands.