EVI Industries, Inc. (NYSEAMERICAN:EVI) Short Interest Down 36.7% in June

EVI Industries, Inc. (NYSEAMERICAN:EVI) was the target of a significant decline in short interest in June. As of June 30th, there was short interest totaling 102,070 shares, a decline of 36.7% from the June 15th total of 161,252 shares. Based on an average trading volume of 119,584 shares, the short-interest ratio is currently 0.9 days. Currently, 1.7% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, DA Davidson decreased their target price on EVI Industries from $35.00 to $32.00 and set a “buy” rating on the stock in a research note on Thursday, May 14th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $32.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE increased its position in EVI Industries by 39.6% in the fourth quarter. Bank of America Corp DE now owns 4,988 shares of the industrial products company’s stock worth $82,000 after purchasing an additional 1,416 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in EVI Industries by 27.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,814 shares of the industrial products company’s stock valued at $64,000 after purchasing an additional 829 shares during the last quarter. Rhumbline Advisers lifted its position in EVI Industries by 21.4% during the first quarter. Rhumbline Advisers now owns 5,336 shares of the industrial products company’s stock valued at $90,000 after purchasing an additional 940 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of EVI Industries by 237.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,001 shares of the industrial products company’s stock worth $44,000 after buying an additional 1,408 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of EVI Industries by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 104,380 shares of the industrial products company’s stock worth $3,300,000 after buying an additional 852 shares in the last quarter. 37.30% of the stock is currently owned by institutional investors.

EVI Industries Trading Down 2.9%

Shares of EVI Industries stock opened at $16.52 on Friday. The firm has a market cap of $212.61 million, a price-to-earnings ratio of 36.71 and a beta of 0.07. The business has a 50-day moving average price of $16.58 and a 200-day moving average price of $20.16. The company has a quick ratio of 0.76, a current ratio of 1.60 and a debt-to-equity ratio of 0.41. EVI Industries has a twelve month low of $14.06 and a twelve month high of $34.82.

EVI Industries (NYSEAMERICAN:EVI) last posted its earnings results on Monday, May 11th. The industrial products company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.11). EVI Industries had a return on equity of 4.92% and a net margin of 1.63%.The firm had revenue of $101.13 million during the quarter, compared to analysts’ expectations of $111.30 million.

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. It offers washroom equipment, such as washers and dryers, tunnel systems, and vended machines; finishing equipment comprising sheet feeders, flatwork ironers, automatic sheet folders, and stackers; and material handling equipment, including conveyor and rail systems.