Ennis, Inc. (NYSE:EBF) Sees Large Increase in Short Interest

Ennis, Inc. (NYSE:EBF) was the recipient of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 508,000 shares, an increase of 11.9% from the October 15th total of 454,000 shares. Based on an average trading volume of 70,000 shares, the days-to-cover ratio is presently 7.3 days. Approximately 2.1% of the company’s stock are sold short.

Ennis Trading Up 0.9 %

Ennis stock traded up $0.20 during mid-day trading on Friday, reaching $21.70. The company’s stock had a trading volume of 73,164 shares, compared to its average volume of 96,080. Ennis has a twelve month low of $18.94 and a twelve month high of $23.48. The business has a 50 day moving average price of $21.30 and a 200-day moving average price of $20.91. The firm has a market cap of $561.60 million, a price-to-earnings ratio of 12.08 and a beta of 0.46.

Ennis (NYSE:EBF) last posted its quarterly earnings results on Monday, September 18th. The industrial products company reported $0.42 EPS for the quarter. The business had revenue of $106.76 million during the quarter. Ennis had a net margin of 10.68% and a return on equity of 12.40%.

Ennis Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 3rd. Stockholders of record on Friday, October 6th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.61%. The ex-dividend date was Thursday, October 5th. Ennis’s payout ratio is 56.18%.

Institutional Trading of Ennis

Hedge funds have recently made changes to their positions in the stock. Geneos Wealth Management Inc. lifted its stake in Ennis by 276.3% in the first quarter. Geneos Wealth Management Inc. now owns 1,505 shares of the industrial products company’s stock valued at $27,000 after buying an additional 1,105 shares during the last quarter. Nisa Investment Advisors LLC acquired a new position in Ennis during the 1st quarter valued at about $32,000. CWM LLC grew its position in Ennis by 47.4% in the 1st quarter. CWM LLC now owns 1,607 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 517 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Ennis by 177.1% in the third quarter. Tower Research Capital LLC TRC now owns 1,862 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 1,190 shares during the period. Finally, Signaturefd LLC raised its holdings in shares of Ennis by 50.7% during the first quarter. Signaturefd LLC now owns 2,395 shares of the industrial products company’s stock valued at $51,000 after buying an additional 806 shares during the last quarter. Institutional investors own 74.04% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Ennis in a research note on Thursday, October 5th. They issued a “buy” rating for the company.

About Ennis

Ennis, Inc manufactures and sells business forms and other business products in the United States. The company offers snap sets, continuous forms, laser cut sheets, tags, labels, envelopes, integrated products, jumbo rolls, and pressure sensitive products under the Ennis, Royal Business Forms, Block Graphics, 360º Custom Labels, ColorWorx, Enfusion, Uncompromised Check Solutions, VersaSeal, Ad Concepts, FormSource Limited, Star Award Ribbon Company, Witt Printing, B&D Litho, Genforms, PrintGraphics, Calibrated Forms, PrintXcel, Printegra, Forms Manufacturers, Mutual Graphics, TRI-C Business Forms, Major Business Systems, Independent Printing, Hoosier Data Forms, Hayes Graphics, Wright Business Graphics, Wright 360, Integrated Print & Graphics, the Flesh Company, Impressions Direct, and AmeriPrint brands.