NV5 Global, Inc. (NASDAQ:NVEE) Short Interest Down 30.3% in May

NV5 Global, Inc. (NASDAQ:NVEE - Get Free Report) saw a large decrease in short interest in the month of May. As of May 31st, there was short interest totalling 1,310,000 shares, a decrease of 30.3% from the May 15th total of 1,880,000 shares. Approximately 2.3% of the company's shares are sold short. Based on an average daily volume of 716,800 shares, the days-to-cover ratio is currently 1.8 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. US Bancorp DE boosted its stake in shares of NV5 Global by 4.2% during the first quarter. US Bancorp DE now owns 14,255 shares of the business services provider's stock valued at $275,000 after purchasing an additional 576 shares in the last quarter. Amundi lifted its holdings in NV5 Global by 2.3% during the first quarter. Amundi now owns 25,766 shares of the business services provider's stock worth $501,000 after buying an additional 588 shares during the period. Heritage Family Offices LLP boosted its position in NV5 Global by 6.8% during the 1st quarter. Heritage Family Offices LLP now owns 11,090 shares of the business services provider's stock valued at $214,000 after acquiring an additional 706 shares in the last quarter. Linden Thomas Advisory Services LLC increased its holdings in shares of NV5 Global by 1.6% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 50,964 shares of the business services provider's stock valued at $982,000 after acquiring an additional 795 shares during the period. Finally, BNP Paribas increased its holdings in shares of NV5 Global by 300.0% in the 4th quarter. BNP Paribas now owns 1,400 shares of the business services provider's stock valued at $26,000 after acquiring an additional 1,050 shares during the period. Hedge funds and other institutional investors own 75.54% of the company's stock.

NV5 Global Trading Down 0.4%

Shares of NV5 Global stock traded down $0.08 on Friday, hitting $22.65. 1,336,408 shares of the company traded hands, compared to its average volume of 501,225. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.27. The company has a market cap of $1.49 billion, a PE ratio of 45.76, a PEG ratio of 1.44 and a beta of 1.14. The stock's 50 day moving average price is $20.00 and its 200-day moving average price is $19.06. NV5 Global has a 52 week low of $14.75 and a 52 week high of $26.14.

NV5 Global (NASDAQ:NVEE - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The business services provider reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). NV5 Global had a return on equity of 9.12% and a net margin of 3.19%. The firm had revenue of $123.20 million for the quarter, compared to analysts' expectations of $229.89 million. Equities research analysts predict that NV5 Global will post 1.26 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on NVEE shares. CJS Securities lowered NV5 Global from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 10th. Lake Street Capital lowered NV5 Global from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. Wall Street Zen downgraded NV5 Global from a "buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Maxim Group reduced their target price on NV5 Global from $29.00 to $24.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Finally, William Blair reiterated a "market perform" rating on shares of NV5 Global in a research report on Thursday, May 15th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, NV5 Global presently has an average rating of "Hold" and a consensus target price of $25.67.

NV5 Global Company Profile

NV5 Global, Inc provides technology, conformity assessment, consulting solutions, and software applications to public and private sector clients in the infrastructure, utility services, construction, real estate, environmental, and geospatial markets in the United States and internationally. It operates through three segments: Infrastructure; Building, Technology & Sciences; and Geospatial Solutions.