EnviroStar, Inc. (EVI) Short Interest Down 4.8% in November
EnviroStar, Inc. (NYSEAMERICAN:EVI) saw a significant drop in short interest in November. As of November 30th, there was short interest totalling 807,528 shares, a drop of 4.8% from the November 15th total of 848,615 shares. Approximately 25.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 18,593 shares, the short-interest ratio is presently 43.4 days.
EVI has been the topic of a number of recent analyst reports. BidaskClub upgraded EnviroStar from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. TheStreet downgraded EnviroStar from a “b” rating to a “c+” rating in a research report on Monday, October 2nd.
Shares of EnviroStar (EVI) opened at $30.60 on Tuesday. EnviroStar has a 12-month low of $11.85 and a 12-month high of $36.00.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Arbor Wealth Management LLC raised its position in EnviroStar by 122.5% during the third quarter. Arbor Wealth Management LLC now owns 19,452 shares of the industrial products company’s stock valued at $507,000 after purchasing an additional 10,711 shares in the last quarter. Wells Fargo & Company MN raised its position in EnviroStar by 4,504.6% during the third quarter. Wells Fargo & Company MN now owns 27,858 shares of the industrial products company’s stock valued at $771,000 after purchasing an additional 27,253 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in EnviroStar during the third quarter valued at about $208,000. CI Global Investments Inc. purchased a new stake in EnviroStar during the third quarter valued at about $2,765,000. Finally, California State Teachers Retirement System purchased a new stake in EnviroStar during the second quarter valued at about $168,000.
EnviroStar Company Profile
EnviroStar, Inc, through its subsidiary, Steiner-Atlantic Corp., distributes commercial and industrial laundry and dry cleaning equipment, and steam and hot water boilers manufactured by others; supplies replacement parts and accessories, and provides maintenance services to its customers, and designs and plans turnkey laundry, dry cleaning and boiler systems for its institutional, retail, industrial and commercial customers.
Receive News & Ratings for EnviroStar Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EnviroStar Inc. and related companies with MarketBeat.com's FREE daily email newsletter.