Envirotech Vehicles, Inc. (NASDAQ:EVTV) Short Interest Down 35.7% in February

Envirotech Vehicles, Inc. (NASDAQ:EVTV) was the recipient of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 588,800 shares, a drop of 35.7% from the January 31st total of 915,700 shares. Currently, 4.0% of the shares of the company are short sold. Based on an average daily trading volume, of 1,080,000 shares, the short-interest ratio is presently 0.5 days.

Envirotech Vehicles Stock Down 5.3 %

EVTV opened at $0.31 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.55 and a current ratio of 3.43. The stock has a fifty day moving average of $0.76 and a 200-day moving average of $1.40. Envirotech Vehicles has a fifty-two week low of $0.29 and a fifty-two week high of $3.20. The company has a market capitalization of $5.16 million, a P/E ratio of -0.49 and a beta of 2.53.

Institutional Trading of Envirotech Vehicles

An institutional investor recently raised its position in Envirotech Vehicles stock. Geode Capital Management LLC lifted its holdings in shares of Envirotech Vehicles, Inc. (NASDAQ:EVTV) by 8.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 133,703 shares of the company’s stock after purchasing 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 SEC filing. Institutional investors own 5.65% of the company’s stock.

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.