Ennis, Inc. (NYSE:EBF) Short Interest Update

Ennis, Inc. (NYSE:EBF - Get Free Report) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 764,000 shares, a growth of 5.4% from the February 29th total of 725,100 shares. Based on an average daily trading volume, of 116,900 shares, the days-to-cover ratio is presently 6.5 days. Currently, 3.1% of the shares of the company are short sold.

Hedge Funds Weigh In On Ennis

A number of institutional investors and hedge funds have recently made changes to their positions in EBF. Swiss National Bank grew its stake in shares of Ennis by 7.5% during the 1st quarter. Swiss National Bank now owns 61,800 shares of the industrial products company's stock worth $1,141,000 after purchasing an additional 4,300 shares during the period. Bank of New York Mellon Corp grew its stake in Ennis by 1.5% in the 1st quarter. Bank of New York Mellon Corp now owns 357,657 shares of the industrial products company's stock valued at $6,606,000 after acquiring an additional 5,131 shares during the last quarter. American Century Companies Inc. grew its stake in Ennis by 28.2% in the 1st quarter. American Century Companies Inc. now owns 95,472 shares of the industrial products company's stock valued at $1,763,000 after acquiring an additional 20,992 shares during the last quarter. MetLife Investment Management LLC grew its stake in Ennis by 55.0% in the 1st quarter. MetLife Investment Management LLC now owns 13,965 shares of the industrial products company's stock valued at $258,000 after acquiring an additional 4,954 shares during the last quarter. Finally, BlackRock Inc. grew its stake in Ennis by 0.9% in the 1st quarter. BlackRock Inc. now owns 2,131,299 shares of the industrial products company's stock valued at $39,366,000 after acquiring an additional 18,520 shares during the last quarter. 74.33% of the stock is owned by institutional investors and hedge funds.

Ennis Stock Performance

EBF traded up $0.14 during trading on Friday, hitting $20.18. The stock had a trading volume of 316,051 shares, compared to its average volume of 122,069. Ennis has a twelve month low of $18.94 and a twelve month high of $23.17. The firm has a market capitalization of $522.13 million, a P/E ratio of 11.73 and a beta of 0.44. The company's 50-day moving average price is $20.21 and its 200 day moving average price is $21.00.

Ennis Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 6th. Stockholders of record on Monday, April 15th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.96%. Ennis's dividend payout ratio (DPR) is presently 58.14%.

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.