Short Interest in Ennis, Inc. (NYSE:EBF) Increases By 22.3%

by · The Cerbat Gem

Ennis, Inc. (NYSE:EBF – Get Free Report) was the recipient of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 1,090,000 shares, a growth of 22.3% from the March 15th total of 891,200 shares. Approximately 4.5% of the company’s shares are short sold. Based on an average trading volume of 190,300 shares, the short-interest ratio is currently 5.7 days.

Ennis Stock Performance

Ennis stock traded down $1.40 during midday trading on Monday, reaching $17.34. The stock had a trading volume of 348,250 shares, compared to its average volume of 147,206. Ennis has a twelve month low of $17.15 and a twelve month high of $25.75. The stock has a market capitalization of $451.07 million, a PE ratio of 10.91 and a beta of 0.40. The stock’s 50-day simple moving average is $20.32 and its 200 day simple moving average is $20.85.

Ennis (NYSE:EBF – Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The industrial products company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). Ennis had a return on equity of 12.16% and a net margin of 10.35%. The business had revenue of $92.70 million for the quarter, compared to analysts’ expectations of $95.60 million.

Ennis Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Monday, April 14th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 5.77%. The ex-dividend date is Monday, April 14th. Ennis’s payout ratio is 62.89%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Ennis from a “buy” rating to a “strong-buy” rating in a report on Friday, February 21st.

Get Our Latest Research Report on Ennis

Institutional Trading of Ennis

A number of hedge funds and other institutional investors have recently modified their holdings of the business. SummerHaven Investment Management LLC grew its holdings in Ennis by 2.0% during the 1st quarter. SummerHaven Investment Management LLC now owns 35,627 shares of the industrial products company’s stock worth $716,000 after acquiring an additional 693 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in shares of Ennis by 5.0% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 61,230 shares of the industrial products company’s stock valued at $1,230,000 after acquiring an additional 2,934 shares in the last quarter. Rhumbline Advisers boosted its holdings in Ennis by 24.3% in the first quarter. Rhumbline Advisers now owns 86,639 shares of the industrial products company’s stock worth $1,741,000 after purchasing an additional 16,943 shares during the period. Parallel Advisors LLC raised its holdings in shares of Ennis by 30.5% during the first quarter. Parallel Advisors LLC now owns 5,935 shares of the industrial products company’s stock worth $119,000 after purchasing an additional 1,386 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of Ennis by 2,050.0% in the 1st quarter. GAMMA Investing LLC now owns 4,902 shares of the industrial products company’s stock worth $98,000 after buying an additional 4,674 shares during the last quarter. 74.33% of the stock is owned by hedge funds and other institutional investors.

Ennis Company Profile

(Get Free Report)

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.

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