Everi Holdings Inc. (NYSE:EVRI) Sees Significant Decline in Short Interest

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Everi in a research note on Thursday. They issued a “hold” rating on the stock. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Everi presently has an average rating of “Hold” and an average target price of $12.88.

Everi Trading Up 0.1 %

Shares of EVRI stock traded up $0.01 on Monday, hitting $13.47. The company had a trading volume of 89,788 shares, compared to its average volume of 1,319,921. Everi has a twelve month low of $6.37 and a twelve month high of $13.50. 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 firm has a market cap of $1.16 billion, a P/E ratio of 89.74 and a beta of 2.07. The stock’s 50-day moving average is $13.36 and its two-hundred day moving average is $11.76.

Insiders Place Their Bets

In other Everi news, EVP Darren Simmons sold 50,000 shares of Everi stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $13.46, for a total value of $673,000.00. Following the sale, the executive vice president now directly owns 140,425 shares in the company, valued at approximately $1,890,120.50. The trade was a 26.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Geoffrey P. Judge sold 4,000 shares of Everi stock in a transaction dated Friday, December 6th. The shares were 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 directly owns 91,572 shares in the company, valued at approximately $1,236,222. This represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 255,476 shares of company stock worth $3,435,636. Corporate insiders own 6.40% of the company’s stock.

Institutional Investors Weigh In On Everi

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

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.