Enviri Corporation (NYSE:NVRI) Sees Significant Increase in Short Interest

Enviri Corporation (NYSE:NVRI) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 2,598,476 shares, an increase of 259,847,500.0% from the May 31st total of 1 shares. Approximately 3.2% of the shares of the company are short sold. Based on an average daily trading volume, of 696,578 shares, the days-to-cover ratio is currently 3.7 days.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on NVRI shares. Wall Street Zen raised Enviri to a “hold” rating in a report on Saturday, June 13th. Weiss Ratings restated a “sell (d-)” rating on shares of Enviri in a research report on Tuesday, April 21st. Finally, BMO Capital Markets upped their target price on shares of Enviri from $19.00 to $19.50 and gave the stock a “market perform” rating in a report on Tuesday, May 12th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $22.25.

Insiders Place Their Bets

In related news, CFO Peter Francis Minan purchased 8,333 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was bought at an average price of $19.25 per share, for a total transaction of $160,410.25. Following the purchase, the chief financial officer directly owned 16,434 shares in the company, valued at approximately $316,354.50. This trade represents a 102.86% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC bought a new stake in shares of Enviri in the third quarter worth $27,000. KBC Group NV purchased a new stake in Enviri during the first quarter valued at approximately $31,000. Rockefeller Capital Management L.P. increased its holdings in Enviri by 204.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,882 shares of the company’s stock valued at $34,000 after buying an additional 1,264 shares during the last quarter. Torren Management LLC bought a new position in Enviri in the fourth quarter worth approximately $37,000. Finally, BNP Paribas Financial Markets raised its position in Enviri by 43.8% in the second quarter. BNP Paribas Financial Markets now owns 7,621 shares of the company’s stock worth $66,000 after acquiring an additional 2,322 shares during the period. Hedge funds and other institutional investors own 93.43% of the company’s stock.

Enviri Trading Up 6.2%

NYSE NVRI opened at $21.86 on Friday. The firm has a market capitalization of $614.35 million, a PE ratio of -10.51 and a beta of 1.59. The stock’s 50 day moving average is $20.03 and its 200 day moving average is $19.10. Enviri has a twelve month low of $7.70 and a twelve month high of $22.26. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 5.66.

Enviri (NYSE:NVRI) last announced its earnings results on Monday, May 11th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.36. Enviri had a negative net margin of 7.50% and a negative return on equity of 8.59%. The firm had revenue of $549.80 million for the quarter, compared to analysts’ expectations of $465.37 million. During the same quarter in the previous year, the business posted ($0.18) EPS. The company’s quarterly revenue was up .3% on a year-over-year basis. Research analysts forecast that Enviri will post -0.45 earnings per share for the current fiscal year.

Enviri Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, June 1st. Investors of record on Friday, January 1st were paid a $15.00 dividend. The ex-dividend date was Monday, June 1st.

About Enviri

Enviri Inc (NYSE: NVRI) is a provider of environmental monitoring, data intelligence and sustainability solutions for critical infrastructure and industrial operations. The company integrates Internet of Things (IoT) sensor hardware, cloud-based analytics and field services to collect, process and visualize environmental data. Enviri’s platform supports real-time monitoring and historical trend analysis across water, air and wastewater streams to help clients meet regulatory requirements and manage environmental risk.

Enviri’s product suite includes ruggedized sensor networks, remote data loggers, automated sampling systems and a web-based analytics portal.