Envirotech Vehicles, Inc. (NASDAQ:EVTV – Get Free Report) saw a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 146,600 shares, a decline of 11.3% from the December 31st total of 165,200 shares. Based on an average daily volume of 25,600 shares, the short-interest ratio is currently 5.7 days. Currently, 1.3% of the shares of the company are sold short.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. Susquehanna International Group LLP raised its position in shares of Envirotech Vehicles by 91.5% during the 1st quarter. Susquehanna International Group LLP now owns 20,372 shares of the company’s stock worth $63,000 after purchasing an additional 9,734 shares during the last quarter. Royal Bank of Canada acquired a new position in shares of Envirotech Vehicles during the 3rd quarter worth about $103,000. BlackRock Inc. acquired a new position in shares of Envirotech Vehicles during the 3rd quarter worth about $625,000. Finally, Vanguard Group Inc. acquired a new position in shares of Envirotech Vehicles during the 3rd quarter worth about $2,078,000. Institutional investors and hedge funds own 5.81% of the company’s stock.
Envirotech Vehicles Stock Performance
NASDAQ EVTV opened at $1.46 on Wednesday. The company has a fifty day moving average of $1.27 and a 200 day moving average of $1.68. Envirotech Vehicles has a 1 year low of $0.92 and a 1 year high of $4.09.
About Envirotech Vehicles
Envirotech Vehicles, Inc provides zero-emission electric vehicles in the United States. The company also offers vehicle maintenance and inspection services. It serves commercial and last-mile fleets, school districts, public and private transportation service companies, and colleges and universities.
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