Envirostar Inc (EVI) Short Interest Up 7.9% in October

Envirostar Inc (NYSEMKT:EVI) was the target of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 850,449 shares, an increase of 7.9% from the October 13th total of 787,837 shares. Currently, 29.7% of the shares of the company are sold short. Based on an average daily trading volume, of 61,235 shares, the short-interest ratio is currently 13.9 days.

Shares of Envirostar (NYSEMKT EVI) opened at $26.90 on Tuesday. Envirostar has a twelve month low of $10.30 and a twelve month high of $36.00.

A number of analysts have issued reports on EVI shares. BidaskClub downgraded shares of Envirostar from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. TheStreet downgraded shares of Envirostar from a “b” rating to a “c+” rating in a report on Monday, October 2nd.

Several institutional investors have recently modified their holdings of EVI. CI Global Investments Inc. bought a new position in Envirostar in the 3rd quarter valued at approximately $2,765,000. Vanguard Group Inc. lifted its stake in Envirostar by 22.4% in the 2nd quarter. Vanguard Group Inc. now owns 91,245 shares of the industrial products company’s stock valued at $2,468,000 after purchasing an additional 16,686 shares during the last quarter. Northern Trust Corp bought a new position in Envirostar in the 2nd quarter valued at approximately $1,005,000. State Street Corp bought a new position in Envirostar in the 2nd quarter valued at approximately $1,001,000. Finally, Wells Fargo & Company MN lifted its stake in Envirostar by 4,504.6% in the 3rd quarter. Wells Fargo & Company MN now owns 27,858 shares of the industrial products company’s stock valued at $771,000 after purchasing an additional 27,253 shares during the last quarter.

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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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