Short Interest in Ennis, Inc. (NYSE:EBF) Declines By 6.0%

Ennis, Inc. (NYSE:EBF) was the recipient of a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 584,600 shares, a decrease of 6.0% from the November 15th total of 621,600 shares. Currently, 2.4% of the shares of the company are sold short. Based on an average trading volume of 185,100 shares, the short-interest ratio is currently 3.2 days.

Ennis Stock Performance

Shares of EBF opened at $21.28 on Wednesday. The business’s 50-day moving average is $21.21 and its two-hundred day moving average is $22.25. The company has a market capitalization of $553.24 million, a P/E ratio of 13.47 and a beta of 0.41. Ennis has a fifty-two week low of $18.88 and a fifty-two week high of $25.75.

Ennis (NYSE:EBF) last announced its quarterly earnings results on Monday, September 23rd. The industrial products company reported $0.40 earnings per share for the quarter. The company had revenue of $99.04 million for the quarter. Ennis had a return on equity of 11.64% and a net margin of 10.15%.

Ennis Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 11th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.70%. The ex-dividend date of this dividend was Friday, October 11th. Ennis’s dividend payout ratio is currently 63.29%.

Analyst Ratings Changes

Separately, StockNews.com downgraded Ennis from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 11th.

Institutional Investors Weigh In On Ennis

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Unison Advisors LLC boosted its stake in shares of Ennis by 1.1% during the 3rd quarter. Unison Advisors LLC now owns 38,454 shares of the industrial products company’s stock worth $935,000 after acquiring an additional 435 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Ennis by 5.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,786 shares of the industrial products company’s stock worth $236,000 after acquiring an additional 534 shares in the last quarter. FMR LLC boosted its stake in shares of Ennis by 34.6% during the 3rd quarter. FMR LLC now owns 3,324 shares of the industrial products company’s stock worth $81,000 after acquiring an additional 855 shares in the last quarter. CWM LLC boosted its stake in shares of Ennis by 30.9% during the 3rd quarter. CWM LLC now owns 5,039 shares of the industrial products company’s stock worth $123,000 after acquiring an additional 1,190 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Ennis by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 339,928 shares of the industrial products company’s stock worth $7,441,000 after acquiring an additional 1,254 shares in the last quarter. 74.33% of the stock is owned by institutional investors and hedge funds.

About Ennis

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.