Ennis, Inc. (NYSE:EBF) Short Interest Up 18.1% in February

Ennis, Inc. (NYSE:EBF) saw a large increase in short interest in February. As of February 28th, there was short interest totalling 832,500 shares, an increase 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 currently 6.1 days. Currently, 3.4% of the company’s shares are sold short.

Institutional Investors Weigh In On Ennis

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. LPL Financial LLC grew its holdings in shares of Ennis by 5.3% during the 4th quarter. LPL Financial LLC now owns 11,953 shares of the industrial products company’s stock worth $252,000 after purchasing an additional 604 shares during the period. Invesco Ltd. lifted its position in Ennis by 0.9% in the fourth quarter. Invesco Ltd. now owns 66,581 shares of the industrial products company’s stock valued at $1,404,000 after buying an additional 620 shares during the last quarter. GPS Wealth Strategies Group LLC boosted its stake in Ennis by 10.3% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 7,099 shares of the industrial products company’s stock worth $150,000 after buying an additional 663 shares during the period. FMR LLC increased its position in shares of Ennis by 34.6% during the third quarter. FMR LLC now owns 3,324 shares of the industrial products company’s stock valued at $81,000 after acquiring an additional 855 shares during the last quarter. Finally, MetLife Investment Management LLC raised its stake in shares of Ennis by 8.5% in the 4th quarter. MetLife Investment Management LLC now owns 15,648 shares of the industrial products company’s stock valued at $330,000 after acquiring an additional 1,221 shares during the period. Hedge funds and other institutional investors own 74.33% of the company’s stock.

Analysts Set New Price Targets

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

Ennis Trading Down 0.9 %

EBF stock traded down $0.19 during trading on Thursday, reaching $21.05. 50,261 shares of the stock were exchanged, compared to its average volume of 142,776. The firm has a market capitalization of $547.57 million, a price-to-earnings ratio of 13.24 and a beta of 0.40. The business has a 50 day moving average price of $20.86 and a 200-day moving average price of $21.55. Ennis has a 1 year low of $18.88 and a 1 year high of $25.75.

Ennis (NYSE:EBF) last announced its quarterly earnings results on Monday, December 23rd. The industrial products company reported $0.39 earnings per share (EPS) 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%.

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.