Envirostar Inc (NYSEAMERICAN:EVI) was the target of a large decline in short interest in December. As of December 29th, there was short interest totalling 635,579 shares, a decline of 17.2% from the December 15th total of 767,168 shares. Based on an average daily volume of 94,812 shares, the days-to-cover ratio is currently 6.7 days. Approximately 19.8% of the company’s stock are short sold.

Shares of Envirostar (EVI) opened at $38.50 on Thursday. The company has a market cap of $403.06, a price-to-earnings ratio of 132.76 and a beta of 1.15. Envirostar has a one year low of $14.05 and a one year high of $43.10.

Envirostar (NYSEAMERICAN:EVI) last announced its quarterly earnings results on Tuesday, November 14th. The industrial products company reported $0.05 EPS for the quarter. The business had revenue of $26.27 million during the quarter. Envirostar had a net margin of 2.14% and a return on equity of 6.91%.

The firm also recently declared a special dividend, which was paid on Tuesday, January 9th. Shareholders of record on Tuesday, December 26th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, December 22nd. This is a positive change from Envirostar’s previous special dividend of $0.10.

Hedge funds have recently made changes to their positions in the business. New York State Common Retirement Fund purchased a new position in Envirostar during the 2nd quarter worth $100,000. California State Teachers Retirement System purchased a new position in Envirostar during the 2nd quarter worth $168,000. Teachers Advisors LLC purchased a new position in Envirostar during the 2nd quarter worth $170,000. Bank of New York Mellon Corp purchased a new position in Envirostar during the 3rd quarter worth $208,000. Finally, Schwab Charles Investment Management Inc. purchased a new position in Envirostar during the 2nd quarter worth $214,000.

A number of analysts have commented on the stock. TheStreet upgraded shares of Envirostar from a “c+” rating to a “b” rating in a research note on Thursday, December 21st. BidaskClub upgraded shares of Envirostar from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th.

WARNING: This piece was posted by American Banking News and is the property of of American Banking News. If you are viewing this piece on another site, it was copied illegally and republished in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2018/01/11/envirostar-inc-evi-short-interest-down-17-2-in-december.html.

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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Envirostar and related companies with MarketBeat.com's FREE daily email newsletter.