Electronics for Imaging, Inc. (NASDAQ:EFII) was the target of a significant drop in short interest in the month of August. As of August 15th, there was short interest totalling 3,994,432 shares, a drop of 37.3% from the July 31st total of 6,373,459 shares. Based on an average daily volume of 3,215,479 shares, the days-to-cover ratio is currently 1.2 days. Approximately 8.7% of the company’s stock are short sold.

EFII has been the subject of a number of analyst reports. TheStreet cut shares of Electronics for Imaging from a “b-” rating to a “c” rating in a report on Friday, August 4th. Morgan Stanley cut shares of Electronics for Imaging from an “equal weight” rating to an “underweight” rating in a report on Friday, August 4th. BidaskClub cut shares of Electronics for Imaging from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 27th. Longbow Research cut shares of Electronics for Imaging from a “buy” rating to a “neutral” rating in a report on Thursday, June 22nd. They noted that the move was a valuation call. Finally, ValuEngine upgraded shares of Electronics for Imaging from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $52.57.

In other news, CEO Guy Gecht sold 13,746 shares of Electronics for Imaging stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $48.21, for a total transaction of $662,694.66. Following the completion of the transaction, the chief executive officer now directly owns 386,760 shares in the company, valued at $18,645,699.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 36,458 shares of company stock valued at $1,749,225 over the last 90 days. Corporate insiders own 1.88% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new position in shares of Electronics for Imaging during the second quarter worth about $108,000. Tyers Asset Management LLC increased its position in shares of Electronics for Imaging by 9.3% in the first quarter. Tyers Asset Management LLC now owns 2,296 shares of the technology company’s stock worth $112,000 after buying an additional 196 shares during the last quarter. Strs Ohio increased its position in shares of Electronics for Imaging by 91.7% in the first quarter. Strs Ohio now owns 2,300 shares of the technology company’s stock worth $112,000 after buying an additional 1,100 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Electronics for Imaging by 83.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,287 shares of the technology company’s stock worth $112,000 after buying an additional 1,037 shares during the last quarter. Finally, Acrospire Investment Management LLC increased its position in shares of Electronics for Imaging by 156.1% in the first quarter. Acrospire Investment Management LLC now owns 2,305 shares of the technology company’s stock worth $113,000 after buying an additional 1,405 shares during the last quarter.

Electronics for Imaging (NASDAQ EFII) opened at 35.56 on Friday. The company’s 50 day moving average is $39.69 and its 200-day moving average is $45.44. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 35.14 and a beta of 1.23. Electronics for Imaging has a 52-week low of $25.54 and a 52-week high of $51.15.

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Electronics for Imaging Company Profile

Electronics For Imaging, Inc is engaged in digital printing, focused on the transformation of the printing, packaging, ceramic tile decoration, and textile industries from the use of traditional analog-based printing to digital on-demand printing. It operates through three segments. The Industrial Inkjet segment consists of its VUTEk and Matan super-wide and wide format display graphics, Reggiani textile, Jetrion label and packaging and Cretaprint ceramic tile decoration and construction material industrial digital inkjet printers; ceramic, water-based, and thermoforming ink, and digital inkjet printer parts, and professional services.

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