Ennis, Inc. (NYSE:EBF) Sees Significant Growth in Short Interest

Ennis, Inc. (NYSE:EBF) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totalling 568,200 shares, an increase of 7.8% from the May 31st total of 526,900 shares. Currently, 2.3% of the company’s stock are short sold. Based on an average daily volume of 96,200 shares, the short-interest ratio is presently 5.9 days.

Hedge Funds Weigh In On Ennis

Several hedge funds have recently made changes to their positions in EBF. Lazard Asset Management LLC lifted its holdings in shares of Ennis by 104.6% in the 1st quarter. Lazard Asset Management LLC now owns 5,407 shares of the industrial products company’s stock valued at $110,000 after purchasing an additional 2,764 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Ennis by 101.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,343 shares of the industrial products company’s stock worth $139,000 after buying an additional 3,199 shares during the period. Jump Financial LLC purchased a new stake in Ennis in the fourth quarter valued at approximately $214,000. EMC Capital Management boosted its holdings in shares of Ennis by 10.9% in the first quarter. EMC Capital Management now owns 9,848 shares of the industrial products company’s stock valued at $202,000 after acquiring an additional 971 shares during the period. Finally, EntryPoint Capital LLC grew its position in shares of Ennis by 236.5% during the first quarter. EntryPoint Capital LLC now owns 11,481 shares of the industrial products company’s stock worth $235,000 after acquiring an additional 8,069 shares during the last quarter. Hedge funds and other institutional investors own 74.33% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Ennis from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 27th.

Ennis Trading Down 1.1 %

EBF stock traded down $0.24 during trading on Wednesday, hitting $21.66. 39,563 shares of the company’s stock were exchanged, compared to its average volume of 108,891. The business has a 50-day moving average price of $20.96 and a two-hundred day moving average price of $20.63. The stock has a market capitalization of $562.73 million, a price-to-earnings ratio of 13.54 and a beta of 0.40. Ennis has a 52-week low of $18.88 and a 52-week high of $23.17.

Ennis (NYSE:EBF) last issued its quarterly earnings data on Monday, June 17th. The industrial products company reported $0.41 earnings per share for the quarter. Ennis had a net margin of 10.11% and a return on equity of 11.94%. The business had revenue of $103.11 million during the quarter.

Ennis Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 5th. Investors of record on Friday, July 5th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, July 5th. This represents a $1.00 dividend on an annualized basis and a yield of 4.62%. Ennis’s dividend payout ratio (DPR) is presently 62.50%.

Ennis Company Profile

Ennis, Inc manufactures and sells business forms and other business products in the United States. The company offers snap sets, continuous forms, laser cut sheets, tags, labels, envelopes, integrated products, jumbo rolls, and pressure sensitive products under the Ennis, Royal Business Forms, Block Graphics, 360º Custom Labels, ColorWorx, Enfusion, Uncompromised Check Solutions, VersaSeal, Ad Concepts, FormSource Limited, Star Award Ribbon Company, Witt Printing, B&D Litho, Genforms, PrintGraphics, Calibrated Forms, PrintXcel, Printegra, Forms Manufacturers, Mutual Graphics, TRI-C Business Forms, Major Business Systems, Independent Printing, Hoosier Data Forms, Hayes Graphics, Wright Business Graphics, Wright 360, Integrated Print & Graphics, the Flesh Company, Impressions Direct, and AmeriPrint brands.