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

EVI Industries, Inc. (NYSEAMERICAN:EVI) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totalling 173,900 shares, an increase of 6.2% from the May 31st total of 163,700 shares. Based on an average daily trading volume, of 12,000 shares, the days-to-cover ratio is presently 14.5 days. Currently, 3.4% of the company’s shares are short sold.

Institutional Investors Weigh In On EVI Industries

A number of hedge funds and other institutional investors have recently modified their holdings of the company. American International Group Inc. grew its holdings in EVI Industries by 35.6% in the first quarter. American International Group Inc. now owns 3,195 shares of the industrial products company’s stock valued at $80,000 after purchasing an additional 838 shares during the period. BNP Paribas Financial Markets grew its holdings in EVI Industries by 42.8% in the first quarter. BNP Paribas Financial Markets now owns 4,850 shares of the industrial products company’s stock valued at $121,000 after purchasing an additional 1,454 shares during the period. Carmel Capital Partners LLC grew its holdings in EVI Industries by 489.9% in the fourth quarter. Carmel Capital Partners LLC now owns 11,060 shares of the industrial products company’s stock valued at $262,000 after purchasing an additional 9,185 shares during the period. Natixis Advisors L.P. grew its holdings in EVI Industries by 4.0% in the third quarter. Natixis Advisors L.P. now owns 33,256 shares of the industrial products company’s stock valued at $825,000 after purchasing an additional 1,288 shares during the period. Finally, Comerica Bank grew its holdings in EVI Industries by 10.8% in the fourth quarter. Comerica Bank now owns 47,525 shares of the industrial products company’s stock valued at $1,128,000 after purchasing an additional 4,650 shares during the period. 37.30% of the stock is currently owned by hedge funds and other institutional investors.

EVI Industries Trading Up 5.2 %

Shares of NYSEAMERICAN EVI opened at $18.66 on Wednesday. The stock has a market cap of $236.61 million, a PE ratio of 50.43 and a beta of 0.38. EVI Industries has a 12 month low of $16.00 and a 12 month high of $28.65. The company has a quick ratio of 0.80, a current ratio of 1.53 and a debt-to-equity ratio of 0.16.

EVI Industries (NYSEAMERICAN:EVI) last issued its quarterly earnings results on Thursday, May 9th. The industrial products company reported $0.06 EPS for the quarter. The business had revenue of $83.98 million during the quarter. EVI Industries had a net margin of 1.53% and a return on equity of 4.13%.

EVI Industries Company Profile

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.