Envirotech Vehicles, Inc. (NASDAQ:EVTV) Short Interest Up 559.3% in January

Envirotech Vehicles, Inc. (NASDAQ:EVTV) was the recipient of a significant increase in short interest in January. As of January 31st, there was short interest totalling 915,700 shares, an increase of 559.3% from the January 15th total of 138,900 shares. Currently, 6.2% of the shares of the stock are sold short. Based on an average daily volume of 1,050,000 shares, the short-interest ratio is presently 0.9 days.

Institutional Trading of Envirotech Vehicles

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% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 133,703 shares of the company’s stock after buying an additional 10,066 shares during the period. Geode Capital Management LLC owned approximately 0.80% of Envirotech Vehicles worth $241,000 as of its most recent filing with the SEC. 5.65% of the stock is currently owned by institutional investors and hedge funds.

Envirotech Vehicles Stock Down 2.1 %

Shares of EVTV stock opened at $0.34 on Thursday. The business’s fifty day moving average is $1.00 and its 200-day moving average is $1.51. The stock has a market cap of $5.71 million, a PE ratio of -0.54 and a beta of 2.53. Envirotech Vehicles has a 1 year low of $0.29 and a 1 year high of $3.20. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.55 and a current ratio of 3.43.

About Envirotech Vehicles

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.