EVI Industries Inc (EVI) Sees Significant Increase in Short Interest

EVI Industries Inc (NYSEAMERICAN:EVI) saw a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 828,964 shares, an increase of 8.4% from the January 15th total of 765,057 shares. Based on an average trading volume of 27,989 shares, the days-to-cover ratio is presently 29.6 days. Approximately 21.7% of the shares of the company are sold short.

EVI Industries stock traded up $0.50 during mid-day trading on Monday, reaching $37.75. 12,000 shares of the stock traded hands, compared to its average volume of 32,889. EVI Industries has a 12-month low of $25.39 and a 12-month high of $48.45.

EVI Industries (NYSEAMERICAN:EVI) last posted its quarterly earnings data on Friday, November 9th. The industrial products company reported $0.06 EPS for the quarter. The firm had revenue of $43.38 million for the quarter.

Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. increased its position in EVI Industries by 21.2% in the second quarter. BlackRock Inc. now owns 189,379 shares of the industrial products company’s stock worth $7,632,000 after buying an additional 33,102 shares in the last quarter. Conestoga Capital Advisors LLC increased its position in EVI Industries by 20.0% in the third quarter. Conestoga Capital Advisors LLC now owns 514,975 shares of the industrial products company’s stock worth $20,058,000 after buying an additional 85,988 shares in the last quarter. Raymond James & Associates purchased a new stake in EVI Industries in the second quarter worth about $504,000. Vanguard Group Inc increased its position in EVI Industries by 1.5% in the third quarter. Vanguard Group Inc now owns 177,681 shares of the industrial products company’s stock worth $6,921,000 after buying an additional 2,546 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in EVI Industries by 6.0% in the third quarter. Dimensional Fund Advisors LP now owns 50,775 shares of the industrial products company’s stock worth $1,978,000 after buying an additional 2,855 shares in the last quarter.

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EVI Industries Company Profile

EVI Industries, Inc, through its subsidiaries, distributes, leases, and rents commercial, industrial, and vended laundry and dry cleaning equipment, and steam and hot water boilers in the United States, Canada, the Caribbean, and Latin America. It also supplies related replacement parts and accessories; designs and plans laundry, dry cleaning, and boiler systems; and provides installation and maintenance services to commercial, industrial, institutional, government, and retail customers.

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