Short Interest in Ecology and Environment (NASDAQ:EEI) Decreases By 7.4%

Ecology and Environment (NASDAQ:EEI) was the target of a large drop in short interest in October. As of October 31st, there was short interest totalling 6,300 shares, a drop of 7.4% from the September 30th total of 6,800 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 10,900 shares, the short-interest ratio is currently 0.6 days.

Shares of EEI opened at $15.20 on Tuesday. The firm has a 50 day simple moving average of $15.10 and a 200-day simple moving average of $12.53. Ecology and Environment has a 1-year low of $9.27 and a 1-year high of $15.58.

Separately, ValuEngine cut shares of Ecology and Environment from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th.

A hedge fund recently raised its stake in Ecology and Environment stock. Minerva Advisors LLC lifted its holdings in shares of Ecology and Environment (NASDAQ:EEI) by 30.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 194,753 shares of the industrial products company’s stock after purchasing an additional 45,068 shares during the period. Ecology and Environment comprises approximately 1.2% of Minerva Advisors LLC’s holdings, making the stock its 24th biggest holding. Minerva Advisors LLC owned 4.51% of Ecology and Environment worth $2,123,000 as of its most recent SEC filing. Institutional investors and hedge funds own 36.94% of the company’s stock.

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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