EVI Industries, Inc. (NYSEAMERICAN:EVI) Sees Large Increase in Short Interest

EVI Industries, Inc. (NYSEAMERICAN:EVI) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 185,500 shares, a growth of 6.7% from the March 15th total of 173,900 shares. Based on an average trading volume of 17,500 shares, the short-interest ratio is currently 10.6 days. Approximately 3.7% of the shares of the company are sold short.

Institutional Investors Weigh In On EVI Industries

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of EVI Industries by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 266,621 shares of the industrial products company’s stock worth $6,327,000 after buying an additional 3,842 shares in the last quarter. Barclays PLC grew its holdings in shares of EVI Industries by 654.0% during the fourth quarter. Barclays PLC now owns 6,567 shares of the industrial products company’s stock worth $156,000 after buying an additional 5,696 shares in the last quarter. Citadel Advisors LLC grew its holdings in shares of EVI Industries by 129.3% during the fourth quarter. Citadel Advisors LLC now owns 23,675 shares of the industrial products company’s stock worth $562,000 after buying an additional 13,350 shares in the last quarter. Comerica Bank grew its holdings in EVI Industries by 10.8% in the fourth quarter. Comerica Bank now owns 47,525 shares of the industrial products company’s stock valued at $1,128,000 after purchasing an additional 4,650 shares during the period. Finally, Royal Bank of Canada grew its holdings in EVI Industries by 13.9% in the fourth quarter. Royal Bank of Canada now owns 8,431 shares of the industrial products company’s stock valued at $200,000 after purchasing an additional 1,028 shares during the period. 37.30% of the stock is currently owned by hedge funds and other institutional investors.

EVI Industries Stock Performance

EVI stock opened at $21.24 on Thursday. The company has a quick ratio of 0.84, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. EVI Industries has a one year low of $17.38 and a one year high of $28.65. The firm has a market capitalization of $269.11 million, a PE ratio of 42.48 and a beta of 0.33.

EVI Industries (NYSEAMERICAN:EVI) last posted its earnings results on Friday, February 9th. The industrial products company reported $0.09 earnings per share for the quarter. EVI Industries had a net margin of 1.98% and a return on equity of 5.54%. The firm had revenue of $91.36 million during the quarter.

About EVI Industries

EVI Industries, Inc, through its subsidiaries, engages in the distribution, sale, rental, and lease of commercial and industrial laundry and dry-cleaning equipment in the United States, Canada, the Caribbean, and Latin America. The company sells and/or leases commercial laundry equipment specializing in washing, drying, finishing, material handling, water heating, power generation, and water reuse applications.