Short Interest in Everi Holdings Inc. (NYSE:EVRI) Decreases By 5.8%

Everi Holdings Inc. (NYSE:EVRI) saw a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 2,430,000 shares, a decrease of 5.8% from the January 15th total of 2,580,000 shares. Based on an average daily trading volume, of 537,400 shares, the short-interest ratio is presently 4.5 days. Currently, 2.9% of the company’s stock are sold short.

Insider Buying and Selling

In related news, Director Geoffrey P. Judge sold 4,000 shares of the company’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 value of $54,000.00. Following the sale, the director now owns 91,572 shares in the company, valued at $1,236,222. This represents a 4.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Michael D. Rumbolz sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $13.47, for a total value of $673,500.00. Following the completion of the sale, the chairman now owns 1,032,062 shares in the company, valued at $13,901,875.14. The trade was a 4.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 239,476 shares of company stock worth $3,221,716 in the last 90 days. Insiders own 6.40% of the company’s stock.

Hedge Funds Weigh In On Everi

Several hedge funds and other institutional investors have recently modified their holdings of the company. Burgundy Asset Management Ltd. lifted its holdings in shares of Everi by 1.7% during the 4th quarter. Burgundy Asset Management Ltd. now owns 731,635 shares of the credit services provider’s stock valued at $9,884,000 after buying an additional 12,454 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Everi by 4.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 237,330 shares of the credit services provider’s stock valued at $3,206,000 after buying an additional 10,144 shares during the period. Western Standard LLC lifted its holdings in shares of Everi by 0.8% during the 4th quarter. Western Standard LLC now owns 144,650 shares of the credit services provider’s stock valued at $1,954,000 after buying an additional 1,200 shares during the period. Sagefield Capital LP lifted its holdings in shares of Everi by 77.7% during the 4th quarter. Sagefield Capital LP now owns 144,318 shares of the credit services provider’s stock valued at $1,950,000 after buying an additional 63,118 shares during the period. Finally, Seven Six Capital Management LLC bought a new position in shares of Everi during the 4th quarter valued at $3,318,000. 95.47% of the stock is owned by institutional investors.

Everi Stock Performance

Shares of EVRI opened at $13.78 on Wednesday. The business’s fifty day simple moving average is $13.57 and its two-hundred day simple moving average is $13.33. 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 $13.81. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 91.84 and a beta of 2.05.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Everi in a research note on Friday, February 14th. They set a “hold” rating on the stock. Six analysts have rated the stock with a hold rating, According to data from MarketBeat, Everi presently 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.