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

EVI Industries, Inc. (NYSEAMERICAN:EVI) was the target of a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 93,400 shares, a decline of 12.1% from the December 15th total of 106,200 shares. Currently, 1.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 14,100 shares, the short-interest ratio is presently 6.6 days.

Wall Street Analyst Weigh In

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

Institutional Trading of EVI Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EVI. King Luther Capital Management Corp acquired a new stake in shares of EVI Industries in the 3rd quarter valued at about $694,000. Bard Associates Inc. acquired a new position in shares of EVI Industries during the third quarter valued at about $223,000. Conestoga Capital Advisors LLC increased its holdings in 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 in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of EVI Industries in the second quarter valued at approximately $158,000. Finally, JPMorgan Chase & Co. boosted its position in shares of EVI Industries by 112.5% during the third quarter. JPMorgan Chase & Co. now owns 10,341 shares of the industrial products company’s stock valued at $200,000 after buying an additional 5,474 shares during the last quarter. Institutional investors and hedge funds own 37.30% of the company’s stock.

EVI Industries Stock Up 0.7 %

Shares of EVI traded up $0.11 during trading hours on Friday, reaching $17.01. The stock had a trading volume of 23,059 shares, compared to its average volume of 12,148. EVI Industries has a 12 month low of $14.51 and a 12 month high of $25.50. The stock has a market capitalization of $242.05 million, a price-to-earnings ratio of 34.02 and a beta of 0.39. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.79 and a current ratio of 1.44.

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.