Envela Corporation (NYSEAMERICAN:ELA) was the target of a large drop in short interest in July. As of July 15th, there was short interest totalling 216,500 shares, a drop of 40.7% from the June 30th total of 364,900 shares. Currently, 2.8% of the shares of the stock are sold short. Based on an average daily volume of 179,700 shares, the days-to-cover ratio is currently 1.2 days.
Shares of Envela stock opened at $4.23 on Friday. Envela has a 12-month low of $0.71 and a 12-month high of $6.20.
Envela (NYSEAMERICAN:ELA) last announced its earnings results on Tuesday, May 12th. The company reported $0.04 earnings per share (EPS) for the quarter. The firm had revenue of $25.83 million for the quarter.
A hedge fund recently bought a new stake in Envela stock. Renaissance Technologies LLC acquired a new position in shares of Envela Corporation (NYSEAMERICAN:ELA) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 142,177 shares of the company’s stock, valued at approximately $192,000. Renaissance Technologies LLC owned about 0.53% of Envela as of its most recent SEC filing.
Envela Company Profile
Envela Corporation, together with its subsidiaries, primarily buys and sells jewelry and bullion products to individual consumers, dealers, and institutions in the United States. It offers jewelry products, including bridal jewelry, fashion jewelry, custom-made jewelry, diamonds, and other gemstones, as well as watches and jewelry components.
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