Envirostar Inc (EVI) Short Interest Down 17.2% in December
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%.
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.
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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.
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