EVI Industries, Inc. (NYSEAMERICAN:EVI) Short Interest Down 12.1% in December

EVI Industries, Inc. (NYSEAMERICAN:EVI) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 93,400 shares, a drop of 12.1% from the December 15th total of 106,200 shares. Based on an average trading volume of 14,100 shares, the days-to-cover ratio is currently 6.6 days. Approximately 1.5% of the company’s shares are short sold.

EVI Industries Price Performance

NYSEAMERICAN EVI traded up $0.11 on Friday, reaching $17.01. The company had a trading volume of 23,059 shares, compared to its average volume of 12,148. EVI Industries has a 1-year low of $14.51 and a 1-year high of $25.50. The firm has a market cap of $242.05 million, a PE ratio of 34.02 and a beta of 0.39. The company has a current ratio of 1.44, a quick ratio of 0.79 and a debt-to-equity ratio of 0.15.

Analysts Set New Price Targets

Separately, StockNews.com downgraded EVI Industries from a “buy” rating to a “hold” rating in a report on Monday, January 13th.

Institutional Investors Weigh In On EVI Industries

Institutional investors and hedge funds have recently made changes to their positions in the stock. Conestoga Capital Advisors LLC increased its stake in shares of EVI Industries by 1.3% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 775,266 shares of the industrial products company’s stock worth $14,986,000 after purchasing an additional 9,615 shares during the last quarter. Captrust Financial Advisors increased its position in EVI Industries by 1.1% during the third quarter. Captrust Financial Advisors now owns 138,985 shares of the industrial products company’s stock worth $2,687,000 after buying an additional 1,472 shares during the last quarter. State Street Corp increased its position in EVI Industries by 1.9% during the third quarter. State Street Corp now owns 88,520 shares of the industrial products company’s stock worth $1,739,000 after buying an additional 1,685 shares during the last quarter. King Luther Capital Management Corp bought a new stake in EVI Industries in the third quarter valued at approximately $694,000. Finally, Natixis Advisors LLC lifted its position in shares of EVI Industries by 4.6% in the third quarter. Natixis Advisors LLC now owns 33,726 shares of the industrial products company’s stock valued at $652,000 after buying an additional 1,485 shares during the last quarter. Institutional investors own 37.30% of the company’s stock.

About EVI Industries

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.