Envirotech Vehicles, Inc. (NASDAQ:EVTV) Short Interest Update

Envirotech Vehicles, Inc. (NASDAQ:EVTV) was the recipient of a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 309,700 shares, a growth of 42.5% from the November 15th total of 217,300 shares. Currently, 2.1% of the company’s stock are sold short. Based on an average trading volume of 34,100 shares, the days-to-cover ratio is presently 9.1 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Envirotech Vehicles stock. Geode Capital Management LLC raised its stake in Envirotech Vehicles, Inc. (NASDAQ:EVTV) by 8.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 133,703 shares of the company’s stock after acquiring an additional 10,066 shares during the period. Geode Capital Management LLC owned 0.80% of Envirotech Vehicles worth $241,000 as of its most recent SEC filing. 5.65% of the stock is owned by institutional investors and hedge funds.

Envirotech Vehicles Stock Performance

Shares of EVTV stock opened at $1.37 on Friday. The stock has a market capitalization of $22.98 million, a price-to-earnings ratio of -2.17 and a beta of 2.57. Envirotech Vehicles has a one year low of $1.06 and a one year high of $3.20. The company’s 50-day simple moving average is $1.68 and its 200-day simple moving average is $1.71. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.55 and a current ratio of 3.43.

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.