Enviri Co. (NYSE:NVRI) Short Interest Up 20.8% in March

Enviri Co. (NYSE:NVRI) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 4,360,000 shares, a growth of 20.8% from the February 28th total of 3,610,000 shares. Currently, 5.8% of the company’s shares are short sold. Based on an average daily trading volume, of 1,090,000 shares, the short-interest ratio is presently 4.0 days.

Insider Activity at Enviri

In other news, CFO Tom George Vadaketh acquired 40,297 shares of Enviri stock in a transaction that occurred on Friday, March 14th. The shares were bought at an average cost of $6.20 per share, with a total value of $249,841.40. Following the transaction, the chief financial officer now directly owns 132,431 shares of the company’s stock, valued at $821,072.20. This trade represents a 43.74 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, SVP Russell C. Hochman acquired 40,127 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was purchased at an average cost of $6.27 per share, with a total value of $251,596.29. Following the purchase, the senior vice president now owns 120,357 shares of the company’s stock, valued at $754,638.39. The trade was a 50.01 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Enviri

Several institutional investors and hedge funds have recently added to or reduced their stakes in NVRI. FMR LLC grew its position in Enviri by 34.4% during the 3rd quarter. FMR LLC now owns 7,069 shares of the company’s stock worth $73,000 after purchasing an additional 1,809 shares during the last quarter. Dark Forest Capital Management LP purchased a new position in Enviri in the fourth quarter valued at $78,000. Envestnet Asset Management Inc. acquired a new position in Enviri in the 4th quarter worth about $86,000. Point72 Asia Singapore Pte. Ltd. boosted its position in Enviri by 17.1% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,187 shares of the company’s stock worth $86,000 after purchasing an additional 1,631 shares in the last quarter. Finally, AXQ Capital LP acquired a new stake in Enviri in the fourth quarter valued at approximately $88,000. Hedge funds and other institutional investors own 93.43% of the company’s stock.

Enviri Trading Up 2.7 %

Enviri stock traded up $0.18 during mid-day trading on Wednesday, hitting $6.89. The company’s stock had a trading volume of 214,300 shares, compared to its average volume of 658,071. Enviri has a one year low of $5.67 and a one year high of $12.79. The stock has a market cap of $552.67 million, a PE ratio of -4.33 and a beta of 2.19. The company has a 50 day moving average of $7.70 and a 200-day moving average of $8.29. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.99 and a current ratio of 1.25.

Enviri (NYSE:NVRI) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.05. The company had revenue of $558.71 million for the quarter, compared to the consensus estimate of $578.98 million. Enviri had a negative net margin of 5.46% and a negative return on equity of 0.90%. During the same quarter last year, the firm posted ($0.07) EPS. On average, research analysts anticipate that Enviri will post -0.13 EPS for the current year.

About Enviri

Enviri Corporation provides environmental solutions for industrial and specialty waste streams in the United States and internationally. The company operates through two segments: Harsco Environmental and Clean Earth. The Harsco Environmental segment offers on-site services under long-term contracts for material logistics, product quality improvement, and resource recovery for iron, steel, and metals manufacturing; manufactures and sells industrial abrasives, roofing granules, aluminum dross, and scrap processing systems; and meltshop and furnace services, such as under-vessel cleaning, removal of ladle slag, and general melt shop debris.