Envela Co. (NYSEAMERICAN:ELA) Short Interest Update

Envela Co. (NYSEAMERICAN:ELA - Get Free Report) was the recipient of a significant increase in short interest in April. As of April 30th, there was short interest totalling 428,100 shares, an increase of 12.9% from the April 15th total of 379,300 shares. Based on an average daily trading volume, of 38,100 shares, the days-to-cover ratio is presently 11.2 days. Approximately 6.2% of the shares of the stock are short sold.

Institutional Investors Weigh In On Envela

Several hedge funds have recently made changes to their positions in ELA. Bank of New York Mellon Corp increased its holdings in shares of Envela by 19.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 17,462 shares of the company's stock worth $83,000 after buying an additional 2,877 shares during the last quarter. Vanguard Group Inc. grew its position in Envela by 0.8% during the first quarter. Vanguard Group Inc. now owns 453,065 shares of the company's stock valued at $2,093,000 after acquiring an additional 3,678 shares during the period. O Shaughnessy Asset Management LLC increased its stake in Envela by 18.9% during the third quarter. O Shaughnessy Asset Management LLC now owns 30,492 shares of the company's stock worth $145,000 after acquiring an additional 4,846 shares during the last quarter. Leo Wealth LLC purchased a new position in shares of Envela in the 4th quarter worth about $406,000. Finally, Heartland Advisors Inc. lifted its stake in shares of Envela by 66.4% in the 3rd quarter. Heartland Advisors Inc. now owns 400,000 shares of the company's stock valued at $1,896,000 after purchasing an additional 159,612 shares in the last quarter. Institutional investors and hedge funds own 8.15% of the company's stock.

Envela Stock Performance

ELA stock traded down $0.19 during midday trading on Wednesday, hitting $4.46. 31,092 shares of the stock were exchanged, compared to its average volume of 32,842. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.52 and a current ratio of 5.04. The stock has a market cap of $117.21 million, a PE ratio of 18.58 and a beta of 0.14. Envela has a fifty-two week low of $3.02 and a fifty-two week high of $7.97.

Envela (NYSEAMERICAN:ELA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.04. Envela had a net margin of 4.00% and a return on equity of 13.55%. The business had revenue of $39.90 million during the quarter, compared to analysts' expectations of $33.99 million. Sell-side analysts forecast that Envela will post 0.18 earnings per share for the current fiscal year.

Envela Company Profile

Envela Corporation, together with its subsidiaries, operates in the re-commerce sector in the United States. The company operates through two segments, Commercial-Services and Direct-To-Consumer. It provides end-of-life asset recycling; data destruction and IT asset management; and products, services, and solutions to industrial and commercial companies, as well as operates as a re-commerce retailers of luxury hard assets.