Envirotech Vehicles, Inc. (NASDAQ:EVTV) Sees Significant Decline in Short Interest

Envirotech Vehicles, Inc. (NASDAQ:EVTV) was the target of a significant decline in short interest in February. As of February 28th, there was short interest totalling 490,300 shares, a decline of 16.7% from the February 13th total of 588,800 shares. Based on an average trading volume of 1,190,000 shares, the short-interest ratio is presently 0.4 days. Currently, 3.3% of the shares of the company are sold short.

Envirotech Vehicles Stock Up 2.8 %

Shares of NASDAQ:EVTV opened at $0.26 on Thursday. The company has a market cap of $4.29 million, a price-to-earnings ratio of -0.41 and a beta of 2.70. The firm’s 50-day simple moving average is $0.53 and its 200-day simple moving average is $1.25. The company has a quick ratio of 1.55, a current ratio of 3.43 and a debt-to-equity ratio of 0.02. Envirotech Vehicles has a fifty-two week low of $0.24 and a fifty-two week high of $3.20.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Envirotech Vehicles stock. Geode Capital Management LLC boosted its stake in shares of Envirotech Vehicles, Inc. (NASDAQ:EVTV) by 8.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 133,703 shares of the company’s stock after buying an additional 10,066 shares during the quarter. Geode Capital Management LLC owned 0.80% of Envirotech Vehicles worth $241,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 5.65% of the company’s stock.

Envirotech Vehicles Company Profile

Envirotech Vehicles, Inc manufactures and provides zero-emission electric vehicles in the United States. It offers Class 2 through logistics vans; class 4 through urban trucks, school buses, electric forklifts, street sweepers, neighborhood electric vehicles, and right-hand drive vans and urban trucks.