Ecology and Environment (NASDAQ:EEI) was the target of a significant decline in short interest in the month of September. As of September 30th, there was short interest totalling 5,800 shares, a decline of 34.1% from the August 30th total of 8,800 shares. Based on an average daily trading volume, of 11,000 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the shares of the company are short sold.
A hedge fund recently raised its stake in Ecology and Environment stock. Minerva Advisors LLC boosted its position in Ecology and Environment (NASDAQ:EEI) by 30.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 194,753 shares of the industrial products company’s stock after purchasing an additional 45,068 shares during the period. Ecology and Environment makes up about 1.2% of Minerva Advisors LLC’s portfolio, making the stock its 24th largest holding. Minerva Advisors LLC owned 4.51% of Ecology and Environment worth $2,123,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 37.19% of the company’s stock.
Shares of NASDAQ EEI traded down $0.03 during midday trading on Friday, hitting $15.15. 1,951 shares of the company’s stock were exchanged, compared to its average volume of 10,931. The stock’s 50 day moving average price is $14.52 and its 200-day moving average price is $11.72. Ecology and Environment has a twelve month low of $9.27 and a twelve month high of $15.58.
Several brokerages have recently issued reports on EEI. TheStreet downgraded Ecology and Environment from a “b-” rating to a “c-” rating in a research report on Friday, June 21st. ValuEngine downgraded Ecology and Environment from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th.
About Ecology and Environment
Ecology & Environment, Inc, an environmental consulting firm, provides professional services to government and private clients worldwide. It offers support services for response and site assessment activities related to the release and threat of release of oil, petroleum products, hazardous substances, and weapons of mass destruction or pollutants or contaminants; and undertakes task order contracts comprising various environmental assessment projects, engineering and oversight of pollution remediation, and other hazardous waste remediation activities, as well as prepares environmental impact assessment documents for federal land management agencies.
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