Envirostar Inc (NYSEAMERICAN:EVI) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 584,804 shares, a growth of 3.5% from the August 15th total of 565,169 shares. Based on an average daily trading volume, of 11,903 shares, the short-interest ratio is presently 49.1 days. Currently, 16.3% of the shares of the stock are short sold.
Shares of Envirostar stock traded down $0.80 during trading on Friday, reaching $40.04. The company’s stock had a trading volume of 12,373 shares, compared to its average volume of 17,780. Envirostar has a 52-week low of $21.55 and a 52-week high of $48.45.
Several institutional investors have recently made changes to their positions in the company. Conestoga Capital Advisors LLC boosted its position in Envirostar by 24.1% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 428,987 shares of the industrial products company’s stock valued at $17,288,000 after buying an additional 83,438 shares during the period. BlackRock Inc. boosted its position in Envirostar by 21.2% during the 2nd quarter. BlackRock Inc. now owns 189,379 shares of the industrial products company’s stock valued at $7,632,000 after buying an additional 33,102 shares during the period. Raymond James & Associates bought a new position in Envirostar in the 2nd quarter worth $504,000. Bank of New York Mellon Corp raised its holdings in Envirostar by 11.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 11,149 shares of the industrial products company’s stock worth $449,000 after purchasing an additional 1,118 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings in Envirostar by 204.5% in the 4th quarter. Deutsche Bank AG now owns 10,681 shares of the industrial products company’s stock worth $427,000 after purchasing an additional 7,173 shares in the last quarter.
Envirostar Company Profile
EnviroStar, Inc, through its subsidiaries, distributes commercial, industrial, and vended laundry and dry cleaning equipment in the United States, Canada, the Caribbean, and Latin America. The company offers commercial and industrial laundry equipment, including washers and dryers, tunnel systems, and coin-operated machines; finishing equipment, such as feeders, flatwork ironers, automatic sheet folders, and stackers; and material handling equipment comprising conveyor and rail systems.
See Also: Book Value Per Share – BVPS
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