Everi Holdings Inc. (NYSE:EVRI) is seeing a sharp increase in short interest

Everi logo with business services background

Everi Holdings Inc. (NYSE:EVRI – Get Free Report) was the target of a sharp increase in short interest in November. As of November 30th, there were short sales totaling 4,340,000 shares, an increase of 5.1% from the November 15th total of 4,130,000 shares. Based on an average trading volume of 1,080,000 shares, the short interest ratio is currently 4.0 days. Currently, 5.2% of shares are sold short.

Wall Street analysts weigh in

EVRI has been the subject of several research analyst reports. Truist Financial lowered their price target on shares of Everi from $17.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, November 9th. TheStreet downgraded shares of Everi from a “b-” rating to a “c+” rating in a research note on Wednesday, November 1st. Raymond James lowered their price target on shares of Everi from $20.00 to $16.00 and gave the stock a “strong buy” rating in a research note on Thursday, November 9th. Finally, StockNews.com assumed coverage on shares of Everi in a research note on Thursday, October 5th. They gave the stock a “buy” rating. Four investment analysts have rated the stock with a buy rating and one has given the company a strong buy rating. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $21.00.

Read our latest stock analysis for EVRI

Hedge funds weigh on Everi

Several hedge funds and other institutional investors have recently bought and sold shares of EVRI. First Capital Advisors Group LLC. bought a new stake in Everi in the second quarter valued at $29,000. Comerica Bank purchased a new position in shares of Everi in the third quarter valued at approximately $34,000. Federated Hermes Inc. increased its holdings in shares of Everi by 42.9% in the 3rd quarter. Federated Hermes Inc. now owns 2,350 shares of the loan servicer’s stock valued at $38,000 after purchasing an additional 706 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Everi by 37.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,167 shares of the loan servicer’s stock worth $60,000 after purchasing an additional 1,136 shares during the period. Finally, Point72 Middle East FZE purchased a new position in shares of Everi in the 4th quarter valued at approximately $60,000. Institutional investors and hedge funds own 87.83% of the company’s shares.

Everi stock performance

Shares of EVRI stock opened at $10.94 on Friday. The company has a market cap of $936.14 million, a price-to-earnings ratio of 9.43 and a beta of 2.17. Everi has a 12-month low of $9.94 and a 12-month high of $19.85. The company’s 50-day moving average price is $11.13 and its 200-day moving average price is $13.19. The company has a current ratio of 1.10, a short-term ratio of 0.99 and a debt-to-equity ratio of 3.98.

Everi (NYSE:EVRI – Get Free Report) last announced its earnings results on Wednesday, November 8th. The loan servicer reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.05. The company had revenue of $206.60 million for the quarter, compared to the consensus estimate of $208.15 million. Everi achieved a return on equity of 53.80% and a net margin of 13.29%. Equities analysts forecast that Everi will post earnings per share of 1.1 for the current year.

Everi company profile

(Get Free Report)

Everi Holdings Inc develops and delivers entertaining gaming content, slot machines, and gaming systems and services to land-based and iGaming operators in the United States, Canada, Australia, the United Kingdom, Europe, the Caribbean, Central America and Asia. The company operates in two segments: Gaming and Financial Technology Solutions.

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