Everi Holdings Inc. (NYSE:EVRI) Short Interest Down 8.8% in December

Everi Holdings Inc. (NYSE:EVRI) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totalling 2,920,000 shares, a decline of 8.8% from the November 30th total of 3,200,000 shares. Based on an average trading volume of 586,400 shares, the short-interest ratio is currently 5.0 days. Approximately 3.5% of the company’s stock are short sold.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Everi in a research note on Saturday. 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.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $12.88.

Insider Buying and Selling

In other Everi news, CFO Mark F. Labay sold 50,000 shares of Everi stock in a transaction on Monday, November 25th. The stock was sold at an average price of $13.38, for a total transaction 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. The trade was a 25.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Geoffrey P. Judge sold 16,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $13.37, for a total value of $213,920.00. Following the completion of the sale, the director now directly owns 91,572 shares in the company, valued at approximately $1,224,317.64. This represents a 14.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 255,476 shares of company stock valued at $3,435,636 over the last quarter. Corporate insiders own 6.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EVRI. Signaturefd LLC raised its stake in Everi by 2,428.6% during the 2nd quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider’s stock valued at $27,000 after buying an additional 3,060 shares during the last quarter. Huntington National Bank increased its position in Everi by 1,296.2% during the third quarter. Huntington National Bank now owns 5,892 shares of the credit services provider’s stock valued at $77,000 after acquiring an additional 5,470 shares during the last quarter. Quarry LP boosted its position 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 last quarter. Magnetar Financial LLC purchased a new position in Everi in the second quarter worth about $104,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Everi during the 2nd quarter valued at about $118,000. Institutional investors own 95.47% of the company’s stock.

Everi Stock Performance

NYSE:EVRI traded up $0.03 during mid-day trading on Wednesday, reaching $13.51. The company’s stock had a trading volume of 379,877 shares, compared to its average volume of 1,291,901. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84. The stock has a market cap of $1.17 billion, a P/E ratio of 90.07 and a beta of 2.07. The firm’s fifty day moving average price is $13.42 and its two-hundred day moving average price is $12.25. Everi has a 12-month low of $6.37 and a 12-month high of $13.53.

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.