Electronics for Imaging, Inc. (NASDAQ:EFII) was the target of a large decline in short interest in the month of August. As of August 15th, there was short interest totalling 3,994,432 shares, a decline of 37.3% from the July 31st total of 6,373,459 shares. Based on an average trading volume of 3,215,479 shares, the short-interest ratio is presently 1.2 days. Currently, 8.7% of the shares of the company are sold short.
EFII has been the subject of several analyst reports. Morgan Stanley cut shares of Electronics for Imaging from an “equal weight” rating to an “underweight” rating in a research note on Friday, August 4th. TheStreet cut shares of Electronics for Imaging from a “b” rating to a “c+” rating in a research note on Wednesday, May 3rd. ValuEngine upgraded shares of Electronics for Imaging from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Longbow Research cut shares of Electronics for Imaging from a “neutral” rating to an “underperform” rating in a research note on Friday, August 4th. Finally, BidaskClub cut shares of Electronics for Imaging from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $52.57.
In other Electronics for Imaging news, CEO Guy Gecht sold 9,000 shares of Electronics for Imaging stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $48.25, for a total transaction of $434,250.00. Following the completion of the sale, the chief executive officer now directly owns 386,760 shares in the company, valued at approximately $18,661,170. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 36,458 shares of company stock valued at $1,749,225. Company insiders own 1.88% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in EFII. SG Americas Securities LLC acquired a new position in Electronics for Imaging during the second quarter valued at about $108,000. Tyers Asset Management LLC boosted its position in Electronics for Imaging by 9.3% in the first quarter. Tyers Asset Management LLC now owns 2,296 shares of the technology company’s stock valued at $112,000 after buying an additional 196 shares during the last quarter. Strs Ohio boosted its position in Electronics for Imaging by 91.7% in the first quarter. Strs Ohio now owns 2,300 shares of the technology company’s stock valued at $112,000 after buying an additional 1,100 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Electronics for Imaging by 83.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,287 shares of the technology company’s stock valued at $112,000 after buying an additional 1,037 shares during the last quarter. Finally, Acrospire Investment Management LLC boosted its position in Electronics for Imaging by 156.1% in the first quarter. Acrospire Investment Management LLC now owns 2,305 shares of the technology company’s stock valued at $113,000 after buying an additional 1,405 shares during the last quarter.
Electronics for Imaging (NASDAQ EFII) opened at 34.59 on Friday. Electronics for Imaging has a 52-week low of $25.54 and a 52-week high of $51.15. The firm has a market capitalization of $1.61 billion, a PE ratio of 34.18 and a beta of 1.23. The firm’s 50-day moving average is $41.13 and its 200-day moving average is $45.74.
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Electronics for Imaging Company Profile
Electronics For Imaging, Inc is engaged in digital printing, focused on the transformation of the printing, packaging, ceramic tile decoration, and textile industries from the use of traditional analog-based printing to digital on-demand printing. It operates through three segments. The Industrial Inkjet segment consists of its VUTEk and Matan super-wide and wide format display graphics, Reggiani textile, Jetrion label and packaging and Cretaprint ceramic tile decoration and construction material industrial digital inkjet printers; ceramic, water-based, and thermoforming ink, and digital inkjet printer parts, and professional services.
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