Short Interest in Ennis, Inc. (NYSE:EBF) Increases By 18.1%

Ennis, Inc. (NYSE:EBF) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 832,500 shares, a growth of 18.1% from the February 13th total of 705,000 shares. Based on an average daily trading volume, of 136,700 shares, the days-to-cover ratio is presently 6.1 days. Approximately 3.4% of the shares of the company are short sold.

Ennis Stock Performance

Shares of EBF traded down $0.19 during trading hours on Thursday, hitting $21.05. The stock had a trading volume of 50,261 shares, compared to its average volume of 142,776. The firm has a 50-day moving average price of $20.86 and a 200 day moving average price of $21.55. Ennis has a fifty-two week low of $18.88 and a fifty-two week high of $25.75. The firm has a market capitalization of $547.57 million, a price-to-earnings ratio of 13.24 and a beta of 0.40.

Ennis (NYSE:EBF) last issued its quarterly earnings data on Monday, December 23rd. The industrial products company reported $0.39 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.39. Ennis had a net margin of 10.35% and a return on equity of 12.16%.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Ennis

A number of institutional investors have recently added to or reduced their stakes in EBF. Quantbot Technologies LP acquired a new position in shares of Ennis during the 4th quarter worth about $65,000. FMR LLC increased its stake in Ennis by 34.6% during the 3rd quarter. FMR LLC now owns 3,324 shares of the industrial products company’s stock worth $81,000 after buying an additional 855 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Ennis by 8,888.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 4,045 shares of the industrial products company’s stock valued at $85,000 after acquiring an additional 4,000 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Ennis by 46.0% in the fourth quarter. SG Americas Securities LLC now owns 6,194 shares of the industrial products company’s stock valued at $131,000 after acquiring an additional 1,951 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC boosted its stake in shares of Ennis by 10.3% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 7,099 shares of the industrial products company’s stock worth $150,000 after acquiring an additional 663 shares during the last quarter. Institutional investors and hedge funds own 74.33% of the company’s stock.

Ennis Company Profile

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.