Envirostar Inc (EVI) Short Interest Update

Envirostar Inc (NYSEAMERICAN:EVI) was the target of a large drop in short interest in April. As of April 13th, there was short interest totalling 550,198 shares, a drop of 6.0% from the March 30th total of 585,072 shares. Based on an average daily trading volume, of 27,573 shares, the short-interest ratio is currently 20.0 days. Currently, 15.5% of the shares of the stock are short sold.

Separately, TheStreet raised shares of Envirostar from a “c+” rating to a “b” rating in a research note on Monday, April 9th.

Shares of NYSEAMERICAN:EVI opened at $36.85 on Friday. Envirostar has a 52 week low of $18.90 and a 52 week high of $43.10.

Envirostar (NYSEAMERICAN:EVI) last issued its quarterly earnings data on Wednesday, February 14th. The industrial products company reported $0.13 EPS for the quarter. Envirostar had a net margin of 4.18% and a return on equity of 14.85%. The business had revenue of $36.14 million during the quarter.

Large investors have recently modified their holdings of the business. Steward Partners Investment Advisory LLC grew its stake in shares of Envirostar by 87.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,742 shares of the industrial products company’s stock worth $149,000 after buying an additional 1,747 shares in the last quarter. California State Teachers Retirement System purchased a new position in shares of Envirostar in the 2nd quarter worth $168,000. Bank of New York Mellon Corp purchased a new position in shares of Envirostar in the 3rd quarter worth $208,000. Goldman Sachs Group Inc. purchased a new position in shares of Envirostar in the 4th quarter worth $331,000. Finally, Virtu Financial LLC purchased a new position in shares of Envirostar during the 4th quarter worth about $358,000.

Envirostar Company Profile

EnviroStar, Inc, through its subsidiary, Steiner-Atlantic Corp., distributes commercial and industrial laundry and dry cleaning equipment, and steam and hot water boilers manufactured by others; supplies replacement parts and accessories, and provides maintenance services to its customers, and designs and plans turnkey laundry, dry cleaning and boiler systems for its institutional, retail, industrial and commercial customers.

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