EVI Industries, Inc. (NYSEAMERICAN:EVI) Short Interest Up 6.2% in June

EVI Industries, Inc. (NYSEAMERICAN:EVI) saw a significant increase in short interest in June. As of June 15th, there was short interest totalling 173,900 shares, an increase of 6.2% from the May 31st total of 163,700 shares. Currently, 3.4% of the shares of the stock are sold short. Based on an average daily volume of 12,000 shares, the days-to-cover ratio is currently 14.5 days.

Institutional Investors Weigh In On EVI Industries

Hedge funds and other institutional investors have recently made changes to their positions in the company. American International Group Inc. lifted its holdings in EVI Industries by 35.6% in the first quarter. American International Group Inc. now owns 3,195 shares of the industrial products company’s stock valued at $80,000 after buying an additional 838 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of EVI Industries by 42.8% in the 1st quarter. BNP Paribas Financial Markets now owns 4,850 shares of the industrial products company’s stock valued at $121,000 after purchasing an additional 1,454 shares during the period. Carmel Capital Partners LLC boosted its position in shares of EVI Industries by 489.9% in the 4th quarter. Carmel Capital Partners LLC now owns 11,060 shares of the industrial products company’s stock worth $262,000 after purchasing an additional 9,185 shares during the last quarter. Natixis Advisors L.P. grew its stake in shares of EVI Industries by 4.0% during the third quarter. Natixis Advisors L.P. now owns 33,256 shares of the industrial products company’s stock worth $825,000 after purchasing an additional 1,288 shares during the period. Finally, Comerica Bank increased 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 last quarter. 37.30% of the stock is owned by institutional investors and hedge funds.

EVI Industries Stock Performance

Shares of EVI stock opened at $19.05 on Friday. EVI Industries has a 52 week low of $16.00 and a 52 week high of $28.65. The firm has a market cap of $241.55 million, a PE ratio of 51.49 and a beta of 0.38. The company has a current ratio of 1.53, a quick ratio of 0.80 and a debt-to-equity ratio of 0.16.

EVI Industries (NYSEAMERICAN:EVI) last issued its quarterly earnings results on Thursday, May 9th. The industrial products company reported $0.06 earnings per share (EPS) for the quarter. EVI Industries had a net margin of 1.53% and a return on equity of 4.13%. The business had revenue of $83.98 million for 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.