Ennis, Inc. (NYSE:EBF) Short Interest Update

Ennis, Inc. (NYSE:EBF) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 832,500 shares, a growth of 18.1% from the February 13th total of 705,000 shares. Based on an average trading volume of 136,700 shares, the short-interest ratio is currently 6.1 days. Currently, 3.4% of the shares of the stock are short sold.

Ennis Stock Down 0.9 %

Shares of NYSE:EBF opened at $21.04 on Friday. The firm has a fifty day simple moving average of $20.87 and a two-hundred day simple moving average of $21.55. Ennis has a 52 week low of $18.88 and a 52 week high of $25.75. The stock has a market capitalization of $547.34 million, a P/E ratio of 13.23 and a beta of 0.40.

Ennis (NYSE:EBF) last released its quarterly earnings results on Monday, December 23rd. The industrial products company reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. Ennis had a return on equity of 12.16% and a net margin of 10.35%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Ennis from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 21st.

Hedge Funds Weigh In On Ennis

A number of institutional investors and hedge funds have recently modified their holdings of EBF. Quantbot Technologies LP bought a new stake in Ennis in the fourth quarter worth $65,000. FMR LLC raised its stake in shares of Ennis by 34.6% in the third quarter. FMR LLC now owns 3,324 shares of the industrial products company’s stock valued at $81,000 after acquiring an additional 855 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of Ennis by 8,888.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 4,045 shares of the industrial products company’s stock worth $85,000 after acquiring an additional 4,000 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Ennis by 46.0% during the 4th quarter. SG Americas Securities LLC now owns 6,194 shares of the industrial products company’s stock worth $131,000 after purchasing an additional 1,951 shares during the period. Finally, GPS Wealth Strategies Group LLC grew its holdings in Ennis by 10.3% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 7,099 shares of the industrial products company’s stock valued at $150,000 after purchasing an additional 663 shares during the last quarter. Hedge funds and other institutional investors own 74.33% of the company’s stock.

Ennis Company Profile

Ennis, Inc manufactures and sells business forms and other business products in the United States. The company offers snap sets, continuous forms, laser cut sheets, tags, labels, envelopes, integrated products, jumbo rolls, and pressure sensitive products under the Ennis, Royal Business Forms, Block Graphics, 360º Custom Labels, ColorWorx, Enfusion, Uncompromised Check Solutions, VersaSeal, Ad Concepts, FormSource Limited, Star Award Ribbon Company, Witt Printing, B&D Litho, Genforms, PrintGraphics, Calibrated Forms, PrintXcel, Printegra, Forms Manufacturers, Mutual Graphics, TRI-C Business Forms, Major Business Systems, Independent Printing, Hoosier Data Forms, Hayes Graphics, Wright Business Graphics, Wright 360, Integrated Print & Graphics, the Flesh Company, Impressions Direct, and AmeriPrint brands.