Ennis, Inc. (NYSE:EBF) Sees Large Growth in Short Interest

Ennis, Inc. (NYSE:EBF) was the recipient of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 621,600 shares, a growth of 10.8% from the October 31st total of 560,900 shares. Currently, 2.5% of the company’s stock are short sold. Based on an average daily volume of 183,600 shares, the days-to-cover ratio is currently 3.4 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in EBF. Price T Rowe Associates Inc. MD boosted its stake in Ennis by 74.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 65,588 shares of the industrial products company’s stock valued at $1,346,000 after purchasing an additional 27,921 shares during the period. Creative Planning boosted its stake in Ennis by 84.9% in the 3rd quarter. Creative Planning now owns 57,093 shares of the industrial products company’s stock valued at $1,389,000 after purchasing an additional 26,207 shares during the period. Koss Olinger Consulting LLC bought a new stake in Ennis in the 2nd quarter valued at $494,000. Cubist Systematic Strategies LLC bought a new stake in Ennis in the 2nd quarter valued at $543,000. Finally, AQR Capital Management LLC boosted its stake in Ennis by 74.5% in the 2nd quarter. AQR Capital Management LLC now owns 268,172 shares of the industrial products company’s stock valued at $5,870,000 after purchasing an additional 114,516 shares during the period. 74.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Ennis from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 29th.

Ennis Trading Up 0.2 %

Shares of NYSE:EBF traded up $0.04 during trading on Monday, hitting $21.37. 97,077 shares of the company were exchanged, compared to its average volume of 127,557. Ennis has a fifty-two week low of $18.88 and a fifty-two week high of $25.75. The firm has a fifty day moving average price of $21.91 and a two-hundred day moving average price of $22.20. The stock has a market cap of $555.62 million, a price-to-earnings ratio of 13.50 and a beta of 0.41.

Ennis (NYSE:EBF) last issued its earnings results on Monday, September 23rd. The industrial products company reported $0.40 EPS for the quarter. Ennis had a return on equity of 11.64% and a net margin of 10.15%. The company had revenue of $99.04 million during the quarter.

Ennis Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, October 11th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, October 11th. This represents a $1.00 annualized dividend and a dividend yield of 4.68%. Ennis’s dividend payout ratio is currently 63.29%.

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.