NeoVolta Inc. (NASDAQ:NEOV) Short Interest Update

NeoVolta Inc. (NASDAQ:NEOV) was the target of a significant growth in short interest in February. As of February 28th, there was short interest totalling 1,420,000 shares, a growth of 30.3% from the February 13th total of 1,090,000 shares. Currently, 5.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 288,800 shares, the days-to-cover ratio is currently 4.9 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NEOV. Legacy Investment Solutions LLC grew its holdings in shares of NeoVolta by 1.2% in the 4th quarter. Legacy Investment Solutions LLC now owns 3,527,896 shares of the company’s stock worth $18,380,000 after acquiring an additional 43,102 shares during the last quarter. Geode Capital Management LLC increased its stake in NeoVolta by 5.3% in the 3rd quarter. Geode Capital Management LLC now owns 306,324 shares of the company’s stock worth $947,000 after purchasing an additional 15,427 shares in the last quarter. BIP Wealth LLC raised its holdings in NeoVolta by 9.4% during the 4th quarter. BIP Wealth LLC now owns 219,106 shares of the company’s stock worth $1,142,000 after buying an additional 18,892 shares during the period. Northern Trust Corp lifted its stake in NeoVolta by 50.0% during the fourth quarter. Northern Trust Corp now owns 127,998 shares of the company’s stock valued at $667,000 after buying an additional 42,678 shares in the last quarter. Finally, Sovran Advisors LLC purchased a new stake in NeoVolta during the fourth quarter valued at about $636,000. Institutional investors own 5.11% of the company’s stock.

NeoVolta Price Performance

NeoVolta stock traded down $0.05 during midday trading on Tuesday, hitting $2.63. The company’s stock had a trading volume of 603,962 shares, compared to its average volume of 205,705. NeoVolta has a 12 month low of $0.75 and a 12 month high of $6.11. The company has a quick ratio of 5.94, a current ratio of 12.03 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $87.89 million, a PE ratio of -26.01 and a beta of -1.42. The stock’s 50-day moving average price is $3.44 and its 200-day moving average price is $3.83.

NeoVolta (NASDAQ:NEOV) last announced its quarterly earnings data on Friday, February 7th. The company reported ($0.03) earnings per share (EPS) for the quarter. NeoVolta had a negative return on equity of 76.86% and a negative net margin of 128.91%.

About NeoVolta

NeoVolta Inc designs, manufactures, and sells energy storage systems in the United States. It provides NV14, NV14-K, and NV 24 energy storage systems, which stores and uses energy through batteries and an inverter at residential or commercial sites. The company markets and sells its products directly to certified solar installers and solar equipment distributors.