Short Interest in Enviri Co. (NYSE:NVRI) Expands By 57.5%

Enviri Co. (NYSE:NVRI) was the recipient of a significant growth in short interest in November. As of November 15th, there was short interest totalling 2,410,000 shares, a growth of 57.5% from the October 31st total of 1,530,000 shares. Based on an average trading volume of 447,900 shares, the short-interest ratio is currently 5.4 days. Currently, 3.1% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets dropped their price objective on shares of Enviri from $13.00 to $10.00 and set a “market perform” rating on the stock in a research note on Friday, November 1st.

Enviri Stock Up 1.0 %

NVRI traded up $0.07 on Friday, hitting $7.40. The company had a trading volume of 385,194 shares, compared to its average volume of 471,949. The stock has a market capitalization of $593.04 million, a price-to-earnings ratio of -6.02 and a beta of 2.22. The stock has a fifty day moving average price of $8.97 and a 200-day moving average price of $9.49. Enviri has a 12-month low of $5.80 and a 12-month high of $12.79. The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.99 and a current ratio of 1.30.

Enviri (NYSE:NVRI) last announced its quarterly earnings data on Thursday, October 31st. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.08). The company had revenue of $573.60 million during the quarter, compared to analysts’ expectations of $613.63 million. Enviri had a negative net margin of 4.28% and a negative return on equity of 1.25%. The business’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.05 earnings per share. Analysts predict that Enviri will post -0.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Enviri

Hedge funds have recently made changes to their positions in the company. Innealta Capital LLC purchased a new stake in Enviri in the second quarter valued at approximately $26,000. CWM LLC increased its stake in shares of Enviri by 137.6% in the second quarter. CWM LLC now owns 4,130 shares of the company’s stock worth $36,000 after acquiring an additional 2,392 shares during the period. FMR LLC raised its holdings in shares of Enviri by 34.4% during the third quarter. FMR LLC now owns 7,069 shares of the company’s stock worth $73,000 after purchasing an additional 1,809 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of Enviri during the first quarter worth $70,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Enviri during the third quarter valued at $127,000. 93.43% of the stock is owned by institutional investors and hedge funds.

Enviri Company Profile

Enviri Corporation provides environmental solutions for industrial and specialty waste streams in the United States and internationally. The company operates through two segments: Harsco Environmental and Clean Earth. The Harsco Environmental segment offers on-site services under long-term contracts for material logistics, product quality improvement, and resource recovery for iron, steel, and metals manufacturing; manufactures and sells industrial abrasives, roofing granules, aluminum dross, and scrap processing systems; and meltshop and furnace services, such as under-vessel cleaning, removal of ladle slag, and general melt shop debris.