Everi Holdings Inc. (NYSE:EVRI) Short Interest Down 7.8% in November

Everi Holdings Inc. (NYSE:EVRI) was the target of a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 3,200,000 shares, a decline of 7.8% from the November 15th total of 3,470,000 shares. Based on an average daily trading volume, of 615,100 shares, the short-interest ratio is currently 5.2 days. Currently, 3.9% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Everi in a research report on Thursday, December 12th. They issued a “hold” rating on the stock. Six analysts have rated the stock with a hold rating, According to MarketBeat.com, Everi has an average rating of “Hold” and an average target price of $12.88.

Insider Activity at Everi

In other Everi news, Director Geoffrey P. Judge sold 4,000 shares of the firm’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 completion of the sale, the director now owns 91,572 shares of the company’s stock, valued at approximately $1,236,222. This trade represents a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Mark F. Labay sold 50,000 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $13.38, for a total value of $669,000.00. Following the completion of the transaction, the chief financial officer now owns 142,426 shares in the company, valued at approximately $1,905,659.88. This represents a 25.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 255,476 shares of company stock worth $3,435,636 over the last quarter. Company insiders own 6.40% of the company’s stock.

Hedge Funds Weigh In On Everi

Several institutional investors have recently modified their holdings of the business. Stifel Financial Corp grew its stake in Everi by 12.2% in the 3rd quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider’s stock valued at $172,000 after purchasing an additional 1,423 shares during the period. CWM LLC increased its position in Everi by 117.5% in the second quarter. CWM LLC now owns 3,512 shares of the credit services provider’s stock worth $30,000 after buying an additional 1,897 shares during the last quarter. SummerHaven Investment Management LLC raised its stake in shares of Everi by 4.6% in the second quarter. SummerHaven Investment Management LLC now owns 53,078 shares of the credit services provider’s stock valued at $446,000 after buying an additional 2,347 shares during the period. Franklin Resources Inc. grew its stake in shares of Everi by 6.6% during the 3rd quarter. Franklin Resources Inc. now owns 41,542 shares of the credit services provider’s stock worth $550,000 after acquiring an additional 2,564 shares during the period. Finally, Quarry LP increased its holdings in Everi by 38.9% in the 2nd quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock worth $86,000 after acquiring an additional 2,864 shares during the last quarter. 95.47% of the stock is owned by institutional investors.

Everi Stock Up 0.3 %

Everi stock opened at $13.50 on Wednesday. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.97 and a current ratio of 1.06. The stock has a market cap of $1.16 billion, a PE ratio of 90.00 and a beta of 2.07. Everi has a fifty-two week low of $6.37 and a fifty-two week high of $13.50. The firm’s 50-day simple moving average is $13.37 and its 200 day simple moving average is $11.80.

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.