Everi Holdings Inc. (NYSE:EVRI) Short Interest Update

Everi Holdings Inc. (NYSE:EVRI) was the recipient of a large drop in short interest in January. As of January 31st, there was short interest totalling 2,430,000 shares, a drop of 5.8% from the January 15th total of 2,580,000 shares. Currently, 2.9% of the company’s shares are short sold. Based on an average daily volume of 537,400 shares, the days-to-cover ratio is currently 4.5 days.

Insider Buying and Selling

In other news, EVP David Lucchese sold 45,476 shares of Everi stock in a transaction on Monday, December 9th. The stock was sold at an average price of $13.48, for a total transaction of $613,016.48. Following the transaction, the executive vice president now owns 542,928 shares in the company, valued at approximately $7,318,669.44. The trade was a 7.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Mark F. Labay sold 50,000 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $13.38, for a total value of $669,000.00. Following the completion of the sale, the chief financial officer now directly owns 142,426 shares of the company’s stock, valued at approximately $1,905,659.88. This represents a 25.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 239,476 shares of company stock valued at $3,221,716. 6.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Everi

Hedge funds have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Everi by 4.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 237,330 shares of the credit services provider’s stock worth $3,206,000 after purchasing an additional 10,144 shares in the last quarter. Western Standard LLC boosted its stake in shares of Everi by 0.8% during the 4th quarter. Western Standard LLC now owns 144,650 shares of the credit services provider’s stock worth $1,954,000 after acquiring an additional 1,200 shares in the last quarter. Sagefield Capital LP increased its holdings in shares of Everi by 77.7% during the 4th quarter. Sagefield Capital LP now owns 144,318 shares of the credit services provider’s stock valued at $1,950,000 after acquiring an additional 63,118 shares during the last quarter. Seven Six Capital Management LLC bought a new position in shares of Everi in the 4th quarter valued at approximately $3,318,000. Finally, Sona Asset Management US LLC lifted its holdings in Everi by 73.9% in the 4th quarter. Sona Asset Management US LLC now owns 804,322 shares of the credit services provider’s stock worth $10,866,000 after purchasing an additional 341,693 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

Everi Stock Performance

Shares of NYSE EVRI opened at $13.74 on Tuesday. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97. Everi has a one year low of $6.37 and a one year high of $13.77. The business’s 50-day moving average price is $13.57 and its two-hundred day moving average price is $13.33. The company has a market capitalization of $1.18 billion, a P/E ratio of 91.57 and a beta of 2.05.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Everi in a research report on Friday. They issued a “hold” rating for the company. Six equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $12.88.

About Everi

Everi Holdings Inc develops and supplies entertaining game content, gaming machines, and gaming systems and services for land-based and iGaming operators in the United States, Canada, and internationally. It operates in Games and Financial Technology Solutions segments. The company offers classic mechanical reel games and video reel games, as well as TournEvent of Champions, a national slot tournament; and sells gaming equipment and player terminals, licenses, game content, and ancillary equipment, such as signage and lighting packages.