Enviri Co. (NYSE:NVRI) Short Interest Up 20.8% in March

Enviri Co. (NYSE:NVRI) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 4,360,000 shares, an increase of 20.8% from the February 28th total of 3,610,000 shares. Currently, 5.8% of the company’s shares are short sold. Based on an average daily volume of 1,090,000 shares, the short-interest ratio is presently 4.0 days.

Insider Activity at Enviri

In other Enviri news, SVP Russell C. Hochman bought 40,127 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The shares were bought at an average cost of $6.27 per share, with a total value of $251,596.29. Following the completion of the purchase, the senior vice president now directly owns 120,357 shares of the company’s stock, valued at $754,638.39. This trade represents a 50.01 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Tom George Vadaketh bought 40,297 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was bought at an average cost of $6.20 per share, for a total transaction of $249,841.40. Following the completion of the purchase, the chief financial officer now owns 132,431 shares of the company’s stock, valued at approximately $821,072.20. The trade was a 43.74 % increase in their position. The disclosure for this purchase can be found here. 2.50% of the stock is owned by insiders.

Institutional Trading of Enviri

Several large investors have recently added to or reduced their stakes in NVRI. Graham Capital Management L.P. grew its position in shares of Enviri by 8.7% during the 4th quarter. Graham Capital Management L.P. now owns 18,069 shares of the company’s stock valued at $139,000 after acquiring an additional 1,443 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Enviri by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,099 shares of the company’s stock valued at $347,000 after purchasing an additional 1,572 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its position in shares of Enviri by 17.1% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,187 shares of the company’s stock valued at $86,000 after purchasing an additional 1,631 shares during the period. CANADA LIFE ASSURANCE Co lifted its stake in shares of Enviri by 2.3% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 78,757 shares of the company’s stock valued at $606,000 after buying an additional 1,751 shares in the last quarter. Finally, FMR LLC boosted its holdings in Enviri by 34.4% in the 3rd quarter. FMR LLC now owns 7,069 shares of the company’s stock worth $73,000 after buying an additional 1,809 shares during the period. 93.43% of the stock is currently owned by institutional investors.

Enviri Stock Performance

Shares of NVRI stock opened at $6.47 on Thursday. The company has a quick ratio of 0.99, a current ratio of 1.25 and a debt-to-equity ratio of 3.14. The company has a 50 day moving average price of $7.65 and a 200-day moving average price of $8.28. Enviri has a 52 week low of $5.67 and a 52 week high of $12.79. The firm has a market capitalization of $518.58 million, a PE ratio of -4.06 and a beta of 2.19.

Enviri (NYSE:NVRI) last released its quarterly earnings results on Thursday, February 20th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.05. The firm had revenue of $558.71 million for the quarter, compared to the consensus estimate of $578.98 million. Enviri had a negative return on equity of 0.90% and a negative net margin of 5.46%. During the same period last year, the business posted ($0.07) EPS. As a group, equities research analysts expect that Enviri will post -0.13 earnings per share for the current year.

About Enviri

Enviri Corporation provides environmental solutions for industrial and specialty waste streams in the United States and internationally. The company operates through two segments: Harsco Environmental and Clean Earth. The Harsco Environmental segment offers on-site services under long-term contracts for material logistics, product quality improvement, and resource recovery for iron, steel, and metals manufacturing; manufactures and sells industrial abrasives, roofing granules, aluminum dross, and scrap processing systems; and meltshop and furnace services, such as under-vessel cleaning, removal of ladle slag, and general melt shop debris.