Short Interest in Everi Holdings Inc. (NYSE:EVRI) Declines By 5.1%

Everi Holdings Inc. (NYSE:EVRI) was the target of a large decline in short interest in December. As of December 31st, there was short interest totalling 2,770,000 shares, a decline of 5.1% from the December 15th total of 2,920,000 shares. Based on an average trading volume of 551,400 shares, the days-to-cover ratio is currently 5.0 days. Currently, 3.3% of the company’s stock are sold short.

Everi Stock Down 0.2 %

Shares of NYSE:EVRI opened at $13.56 on Friday. The firm has a market cap of $1.17 billion, a PE ratio of 90.41 and a beta of 2.06. The company has a fifty day simple moving average of $13.48 and a 200 day simple moving average of $12.71. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84. Everi has a 12-month low of $6.37 and a 12-month high of $13.65.

Insider Activity at Everi

In related news, Director Geoffrey P. Judge sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $13.50, for a total transaction of $54,000.00. Following the transaction, the director now directly owns 91,572 shares of the company’s stock, valued at approximately $1,236,222. The trade was a 4.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Linster W. Fox sold 40,000 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $13.48, for a total transaction of $539,200.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 255,476 shares of company stock worth $3,435,636. 6.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Everi

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Stifel Financial Corp raised its position in shares of Everi by 12.2% during the 3rd quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider’s stock valued at $172,000 after acquiring an additional 1,423 shares in the last quarter. Franklin Resources Inc. increased its stake in Everi by 6.6% during the third quarter. Franklin Resources Inc. now owns 41,542 shares of the credit services provider’s stock valued at $550,000 after purchasing an additional 2,564 shares during the last quarter. Quarry LP raised its holdings in shares of Everi by 38.9% during the second quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock valued at $86,000 after buying an additional 2,864 shares during the last quarter. Nordea Investment Management AB boosted its position in shares of Everi by 1.2% during the fourth quarter. Nordea Investment Management AB now owns 295,960 shares of the credit services provider’s stock worth $3,995,000 after buying an additional 3,573 shares during the period. Finally, Rhumbline Advisers increased its position in Everi by 3.7% in the 2nd quarter. Rhumbline Advisers now owns 125,137 shares of the credit services provider’s stock valued at $1,051,000 after acquiring an additional 4,486 shares during the period. Institutional investors own 95.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Everi in a research report on Monday, January 13th. They issued a “hold” rating for the company. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Everi currently has an average rating of “Hold” and an average price target of $12.88.

Everi Company Profile

Everi Holdings Inc develops and supplies entertaining game content, gaming machines, and gaming systems and services for land-based and iGaming operators in the United States, Canada, and internationally. It operates in Games and Financial Technology Solutions segments. The company offers classic mechanical reel games and video reel games, as well as TournEvent of Champions, a national slot tournament; and sells gaming equipment and player terminals, licenses, game content, and ancillary equipment, such as signage and lighting packages.