EVI Industries, Inc. (NYSEAMERICAN:EVI) Sees Significant Growth in Short Interest

EVI Industries, Inc. (NYSEAMERICAN:EVI) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totalling 185,500 shares, an increase of 6.7% from the March 15th total of 173,900 shares. Based on an average trading volume of 17,500 shares, the short-interest ratio is currently 10.6 days. Currently, 3.7% of the company’s shares are short sold.

Institutional Trading of EVI Industries

A number of institutional investors have recently modified their holdings of the company. Raymond James & Associates raised its holdings in EVI Industries by 2.9% during the first quarter. Raymond James & Associates now owns 90,856 shares of the industrial products company’s stock worth $1,689,000 after acquiring an additional 2,581 shares in the last quarter. US Bancorp DE raised its holdings in EVI Industries by 214.3% during the first quarter. US Bancorp DE now owns 1,320 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 900 shares in the last quarter. Frontier Wealth Management LLC raised its holdings in EVI Industries by 4.4% during the first quarter. Frontier Wealth Management LLC now owns 145,111 shares of the industrial products company’s stock worth $3,140,000 after acquiring an additional 6,147 shares in the last quarter. State Street Corp grew its position in shares of EVI Industries by 1.3% in the first quarter. State Street Corp now owns 83,883 shares of the industrial products company’s stock valued at $1,559,000 after purchasing an additional 1,060 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its position in EVI Industries by 609.2% during the second quarter. BNP Paribas Arbitrage SA now owns 4,801 shares of the industrial products company’s stock worth $48,000 after buying an additional 4,124 shares in the last quarter. 37.30% of the stock is currently owned by institutional investors.

EVI Industries Stock Performance

EVI stock traded down $1.27 during midday trading on Wednesday, hitting $20.02. 559 shares of the company’s stock were exchanged, compared to its average volume of 17,171. The company has a current ratio of 1.62, a quick ratio of 0.84 and a debt-to-equity ratio of 0.23. The firm has a market cap of $253.65 million, a PE ratio of 43.40 and a beta of 0.33. EVI Industries has a one year low of $17.38 and a one year high of $28.65.

EVI Industries (NYSEAMERICAN:EVI) last issued its quarterly earnings results on Friday, February 9th. The industrial products company reported $0.09 EPS for the quarter. The company had revenue of $91.36 million for the quarter. EVI Industries had a return on equity of 5.54% and a net margin of 1.98%.

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.