Everi Holdings Inc (NYSE:EVRI) saw a large drop in short interest in January. As of January 31st, there was short interest totalling 435,751 shares, a drop of 42.7% from the January 12th total of 760,127 shares. Based on an average trading volume of 674,941 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.7% of the shares of the stock are short sold.

In related news, insider Michael D. Rumbolz sold 9,134 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $8.00, for a total transaction of $73,072.00. Following the sale, the insider now owns 113,977 shares of the company’s stock, valued at approximately $911,816. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director E Miles Kilburn sold 150,000 shares of the firm’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $8.00, for a total value of $1,200,000.00. Following the sale, the director now directly owns 182,186 shares in the company, valued at approximately $1,457,488. The disclosure for this sale can be found here. In the last three months, insiders have sold 326,015 shares of company stock worth $2,652,180. 4.50% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in EVRI. Schwab Charles Investment Management Inc. lifted its holdings in Everi by 125.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 380,700 shares of the credit services provider’s stock worth $2,772,000 after buying an additional 212,136 shares during the period. Bank of New York Mellon Corp lifted its holdings in Everi by 322.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 208,904 shares of the credit services provider’s stock worth $1,521,000 after buying an additional 159,426 shares during the period. Legal & General Group Plc acquired a new position in Everi during the 2nd quarter worth about $121,000. Wells Fargo & Company MN lifted its holdings in Everi by 434.3% during the 2nd quarter. Wells Fargo & Company MN now owns 55,727 shares of the credit services provider’s stock worth $406,000 after buying an additional 45,297 shares during the period. Finally, Alliancebernstein L.P. acquired a new position in Everi during the 2nd quarter worth about $108,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have commented on EVRI. BidaskClub raised Everi from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Stifel Nicolaus reaffirmed a “buy” rating and set a $11.00 target price on shares of Everi in a report on Wednesday, November 1st. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $7.33.

Everi (NYSE:EVRI) opened at $6.95 on Thursday. The company has a market capitalization of $462.15, a PE ratio of -1.88 and a beta of 1.04. Everi has a twelve month low of $3.09 and a twelve month high of $8.99. The company has a current ratio of 0.98, a quick ratio of 0.91 and a debt-to-equity ratio of -9.13.

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Everi Company Profile

Everi Holdings Inc is a holding company. The Company operates through subsidiaries, including Everi Games Holding Inc (Everi Games Holding) and Everi Payments Inc (Everi Payments or Payments). The Company operates through two segments: Games and Payments. The Company provides video and mechanical reel gaming content and technology solutions, integrated gaming payments solutions, and compliance and efficiency software.

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