Electronics For Imaging, Inc. (EFII) Short Interest Down 45.9% in April

Electronics For Imaging, Inc. (NASDAQ:EFII) was the target of a large decrease in short interest in the month of April. As of April 30th, there was short interest totalling 2,506,183 shares, a decrease of 45.9% from the April 15th total of 4,628,262 shares. Based on an average daily volume of 1,114,296 shares, the days-to-cover ratio is presently 2.2 days. Currently, 5.9% of the company’s shares are short sold.

A number of analysts have weighed in on the stock. BidaskClub downgraded shares of Electronics For Imaging from a “buy” rating to a “hold” rating in a research report on Friday, May 17th. Zacks Investment Research upgraded Electronics For Imaging from a “sell” rating to a “hold” rating in a report on Tuesday, April 2nd. ValuEngine upgraded Electronics For Imaging from a “buy” rating to a “strong-buy” rating in a report on Monday, April 15th. TheStreet upgraded Electronics For Imaging from a “d+” rating to a “c-” rating in a report on Monday, April 15th. Finally, Loop Capital cut Electronics For Imaging from a “buy” rating to a “hold” rating and increased their price target for the stock from $35.00 to $37.00 in a report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $31.69.

Institutional investors have recently bought and sold shares of the business. FMR LLC lifted its stake in Electronics For Imaging by 612.4% during the 1st quarter. FMR LLC now owns 453,896 shares of the technology company’s stock valued at $12,210,000 after acquiring an additional 390,180 shares in the last quarter. Premia Global Advisors LLC purchased a new stake in shares of Electronics For Imaging during the 1st quarter valued at $42,000. SEI Investments Co increased its position in shares of Electronics For Imaging by 22.7% during the 1st quarter. SEI Investments Co now owns 256,636 shares of the technology company’s stock valued at $6,904,000 after purchasing an additional 47,495 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Electronics For Imaging by 26.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 348,079 shares of the technology company’s stock valued at $9,364,000 after purchasing an additional 73,233 shares during the last quarter. Finally, Greenvale Capital LLP increased its position in shares of Electronics For Imaging by 9.3% during the 1st quarter. Greenvale Capital LLP now owns 863,126 shares of the technology company’s stock valued at $23,218,000 after purchasing an additional 73,126 shares during the last quarter.

Electronics For Imaging stock opened at $36.96 on Friday. The company has a market cap of $1.59 billion, a price-to-earnings ratio of -1,848.00 and a beta of 1.26. Electronics For Imaging has a 52-week low of $19.76 and a 52-week high of $38.33. The company has a current ratio of 1.30, a quick ratio of 1.07 and a debt-to-equity ratio of 0.20.

COPYRIGHT VIOLATION NOTICE: “Electronics For Imaging, Inc. (EFII) Short Interest Down 45.9% in April” was originally reported by Baseball Daily News and is the property of of Baseball Daily News. If you are viewing this story on another site, it was stolen and republished in violation of international copyright and trademark law. The legal version of this story can be viewed at https://www.baseballdailydigest.com/news/2019/05/24/electronics-for-imaging-inc-efii-short-interest-down-45-9-in-april.html.

About Electronics For Imaging

Electronics for Imaging, Inc provides industrial format display graphics, corrugated packaging and display, textile, and ceramic tile decoration digital inkjet printers worldwide. Its Industrial Inkjet segment offers VUTEk format display graphics, Nozomi corrugated packaging and display, Reggiani textile, and Cretaprint ceramic tile decoration and building material industrial digital inkjet printers; digital ultra-violet curable, light emitting diode curable, ceramic, water-based, thermoforming, and specialty inks; various textile inks, including dye sublimation, pigmented, reactive dye, acid dye, pure disperse dye, and water-based dispersed printing inks, as well as coatings; digital inkjet printer parts; and professional services.

Further Reading: Growth Stocks, What They Are, What They Are Not

Receive News & Ratings for Electronics For Imaging Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electronics For Imaging and related companies with MarketBeat.com's FREE daily email newsletter.