Short Interest in EVI Industries, Inc. (NYSEAMERICAN:EVI) Rises By 6.7%

EVI Industries, Inc. (NYSEAMERICAN:EVI - Get Free Report) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 185,500 shares, a growth of 6.7% from the March 15th total of 173,900 shares. Approximately 3.7% of the shares of the company are sold short. Based on an average daily trading volume, of 17,500 shares, the days-to-cover ratio is presently 10.6 days.

Institutional Trading of EVI Industries

Institutional investors have recently modified their holdings of the business. Broadcrest Asset Management LLC acquired a new position in EVI Industries during the third quarter worth $8,389,000. BlackRock Inc. raised its holdings in EVI Industries by 473.6% during the second quarter. BlackRock Inc. now owns 239,715 shares of the industrial products company's stock worth $5,274,000 after purchasing an additional 197,926 shares during the last quarter. Captrust Financial Advisors acquired a new position in EVI Industries during the third quarter worth $2,841,000. Royce & Associates LP raised its holdings in EVI Industries by 9.0% during the first quarter. Royce & Associates LP now owns 774,472 shares of the industrial products company's stock worth $15,335,000 after purchasing an additional 63,900 shares during the last quarter. Finally, State Street Corp raised its holdings in EVI Industries by 353.2% during the second quarter. State Street Corp now owns 81,593 shares of the industrial products company's stock worth $1,795,000 after purchasing an additional 63,589 shares during the last quarter. 37.30% of the stock is currently owned by hedge funds and other institutional investors.

EVI Industries Trading Down 1.9 %

NYSEAMERICAN:EVI traded down $0.41 during mid-day trading on Tuesday, reaching $21.29. 8,969 shares of the stock were exchanged, compared to its average volume of 17,402. EVI Industries has a 1 year low of $17.38 and a 1 year high of $28.65. The company has a market capitalization of $269.74 million, a PE ratio of 42.58 and a beta of 0.33. The company has a quick ratio of 0.84, a current ratio of 1.62 and a debt-to-equity ratio of 0.23.

EVI Industries (NYSEAMERICAN:EVI - Get Free Report) last announced its earnings results on Friday, February 9th. The industrial products company reported $0.09 earnings per share for the quarter. EVI Industries had a return on equity of 5.54% and a net margin of 1.98%. The company had revenue of $91.36 million for the quarter.

EVI Industries Company Profile

EVI Industries, Inc, through its subsidiaries, engages in the distribution, sale, rental, and lease of commercial and industrial laundry and dry-cleaning equipment in the United States, Canada, the Caribbean, and Latin America. The company sells and/or leases commercial laundry equipment specializing in washing, drying, finishing, material handling, water heating, power generation, and water reuse applications.