Short Interest in Envirotech Vehicles, Inc. (NASDAQ:EVTV) Decreases By 16.7%

Envirotech Vehicles, Inc. (NASDAQ:EVTV) was the target of a significant decline in short interest in the month of 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 daily trading volume, of 1,190,000 shares, the short-interest ratio is presently 0.4 days. Currently, 3.3% of the shares of the stock are short sold.

Envirotech Vehicles Price Performance

Shares of EVTV stock traded up $0.00 during trading on Tuesday, hitting $0.25. The company had a trading volume of 196,662 shares, compared to its average volume of 348,282. 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 firm has a market capitalization of $4.18 million, a P/E ratio of -0.40 and a beta of 2.70. The stock’s 50-day moving average price is $0.56 and its 200 day moving average price is $1.27. Envirotech Vehicles has a one year low of $0.24 and a one year high of $3.20.

Institutional Investors Weigh In On Envirotech Vehicles

An institutional investor recently raised its position in Envirotech Vehicles stock. Geode Capital Management LLC lifted its stake in Envirotech Vehicles, Inc. (NASDAQ:EVTV) by 8.1% in the 3rd quarter, according to the company in its most recent disclosure 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 period. Geode Capital Management LLC owned approximately 0.80% of Envirotech Vehicles worth $241,000 as of its most recent filing with the Securities and Exchange Commission. 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.