EVI Industries, Inc. (NYSEAMERICAN:EVI) Short Interest Down 7.8% in November

EVI Industries, Inc. (NYSEAMERICAN:EVI) saw a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 118,900 shares, a decline of 7.8% from the November 15th total of 128,900 shares. Currently, 2.1% of the shares of the company are short sold. Based on an average daily volume of 13,600 shares, the days-to-cover ratio is currently 8.7 days.

EVI Industries Price Performance

Shares of NYSEAMERICAN EVI traded down $0.05 during trading on Tuesday, hitting $18.00. 1,523 shares of the company were exchanged, compared to its average volume of 16,131. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.79 and a current ratio of 1.44. The firm has a market capitalization of $256.14 million, a P/E ratio of 36.41 and a beta of 0.35. EVI Industries has a 1 year low of $14.51 and a 1 year high of $25.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its position in EVI Industries by 7.1% during the second quarter. Bank of New York Mellon Corp now owns 21,499 shares of the industrial products company’s stock worth $407,000 after buying an additional 1,422 shares in the last quarter. Captrust Financial Advisors increased its position in EVI Industries by 1.1% during the 3rd quarter. Captrust Financial Advisors now owns 138,985 shares of the industrial products company’s stock worth $2,687,000 after purchasing an additional 1,472 shares in the last quarter. Natixis Advisors LLC raised its stake in EVI Industries by 4.6% in the 3rd quarter. Natixis Advisors LLC now owns 33,726 shares of the industrial products company’s stock valued at $652,000 after purchasing an additional 1,485 shares during the last quarter. State Street Corp boosted its stake in shares of EVI Industries by 1.9% during the 3rd quarter. State Street Corp now owns 88,520 shares of the industrial products company’s stock worth $1,739,000 after purchasing an additional 1,685 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of EVI Industries by 18.7% in the second quarter. Renaissance Technologies LLC now owns 13,765 shares of the industrial products company’s stock valued at $260,000 after buying an additional 2,168 shares during the last quarter. 37.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded EVI Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th.

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.