Short Interest in Everi Holdings Inc. (NYSE:EVRI) Decreases By 5.1%

Everi Holdings Inc. (NYSE:EVRI) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totalling 2,770,000 shares, a decline of 5.1% from the December 15th total of 2,920,000 shares. Based on an average daily trading volume, of 551,400 shares, the days-to-cover ratio is presently 5.0 days. Currently, 3.3% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Everi in a research report on Monday, January 13th. They issued a “hold” rating for the company. Six analysts have rated the stock with a hold rating, According to MarketBeat.com, Everi presently has a consensus rating of “Hold” and an average price target of $12.88.

Everi Stock Performance

Shares of NYSE EVRI opened at $13.56 on Monday. The business’s 50-day simple moving average is $13.48 and its 200-day simple moving average is $12.75. Everi has a 52 week low of $6.37 and a 52 week high of $13.65. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.97 and a current ratio of 1.06. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 90.41 and a beta of 2.06.

Insider Activity

In other Everi news, Director Geoffrey P. Judge sold 16,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $13.37, for a total value of $213,920.00. Following the transaction, the director now owns 91,572 shares in the company, valued at approximately $1,224,317.64. This represents a 14.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Michael D. Rumbolz sold 50,000 shares of Everi stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $13.47, for a total transaction of $673,500.00. Following the sale, the chairman now directly owns 1,032,062 shares of the company’s stock, valued at $13,901,875.14. This trade represents a 4.62 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 255,476 shares of company stock worth $3,435,636. 6.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Everi

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Huntington National Bank grew its position in shares of Everi by 1,296.2% in the third quarter. Huntington National Bank now owns 5,892 shares of the credit services provider’s stock valued at $77,000 after purchasing an additional 5,470 shares during the last quarter. Quarry LP boosted its stake in Everi by 38.9% during the 2nd quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock valued at $86,000 after purchasing an additional 2,864 shares during the period. Magnetar Financial LLC acquired a new stake in Everi in the 2nd quarter valued at approximately $104,000. FNY Investment Advisers LLC bought a new position in Everi in the 4th quarter worth approximately $175,000. Finally, Stifel Financial Corp lifted its holdings in shares of Everi by 12.2% during the third quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider’s stock worth $172,000 after buying an additional 1,423 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

About Everi

Everi Holdings Inc develops and supplies entertaining game content, gaming machines, and gaming systems and services for land-based and iGaming operators in the United States, Canada, and internationally. It operates in Games and Financial Technology Solutions segments. The company offers classic mechanical reel games and video reel games, as well as TournEvent of Champions, a national slot tournament; and sells gaming equipment and player terminals, licenses, game content, and ancillary equipment, such as signage and lighting packages.