Everi Holdings Inc (EVRI) Short Interest Down 42.7% in January

Everi Holdings Inc (NYSE:EVRI) was the recipient of a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 435,751 shares, a drop of 42.7% from the January 12th total of 760,127 shares. Based on an average trading volume of 674,941 shares, the short-interest ratio is currently 0.6 days. Approximately 0.7% of the shares of the stock are sold short.

Everi (NYSE:EVRI) opened at $6.95 on Thursday. Everi has a 52 week low of $3.09 and a 52 week high of $8.99. The company has a quick ratio of 0.91, a current ratio of 0.98 and a debt-to-equity ratio of -9.13. The stock has a market capitalization of $462.15, a price-to-earnings ratio of -1.88 and a beta of 1.04.

Several brokerages have recently issued reports on EVRI. BidaskClub upgraded Everi from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Stifel Nicolaus reiterated a “buy” rating and issued a $11.00 price target on shares of Everi in a research note on Wednesday, November 1st. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $7.33.

In other news, EVP Juliet Lim sold 133,515 shares of Everi stock in a transaction on Friday, November 17th. The stock was sold at an average price of $8.33, for a total value of $1,112,179.95. Following the transaction, the executive vice president now owns 43,370 shares in the company, valued at approximately $361,272.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michael D. Rumbolz sold 9,134 shares of Everi stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $8.00, for a total value of $73,072.00. Following the completion of the transaction, the insider now owns 113,977 shares in the company, valued at approximately $911,816. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 326,015 shares of company stock worth $2,652,180. Corporate insiders own 4.50% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of EVRI. Schwab Charles Investment Management Inc. increased its stake in shares of Everi by 125.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 380,700 shares of the credit services provider’s stock valued at $2,772,000 after purchasing an additional 212,136 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Everi by 322.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 208,904 shares of the credit services provider’s stock valued at $1,521,000 after acquiring an additional 159,426 shares in the last quarter. Legal & General Group Plc acquired a new stake in shares of Everi during the 2nd quarter valued at $121,000. Wells Fargo & Company MN boosted its holdings in shares of Everi by 434.3% during the 2nd quarter. Wells Fargo & Company MN now owns 55,727 shares of the credit services provider’s stock valued at $406,000 after acquiring an additional 45,297 shares in the last quarter. Finally, Alliancebernstein L.P. acquired a new stake in shares of Everi during the 2nd quarter valued at $108,000. Institutional investors own 84.61% of the company’s stock.

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Everi Company Profile

Everi Holdings Inc is a holding company. The Company operates through subsidiaries, including Everi Games Holding Inc (Everi Games Holding) and Everi Payments Inc (Everi Payments or Payments). The Company operates through two segments: Games and Payments. The Company provides video and mechanical reel gaming content and technology solutions, integrated gaming payments solutions, and compliance and efficiency software.

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