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

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

Institutional Investors Weigh In On Envirotech Vehicles

A hedge fund recently raised its stake in Envirotech Vehicles stock. Geode Capital Management LLC boosted its position in Envirotech Vehicles, Inc. (NASDAQ:EVTV) by 8.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 133,703 shares of the company’s stock after purchasing an additional 10,066 shares during the period. Geode Capital Management LLC owned about 0.80% of Envirotech Vehicles worth $241,000 as of its most recent filing with the SEC. Institutional investors own 5.65% of the company’s stock.

Envirotech Vehicles Stock Up 2.3 %

Shares of Envirotech Vehicles stock traded up $0.01 during trading hours on Monday, reaching $0.32. 226,007 shares of the company’s stock were exchanged, compared to its average volume of 1,737,988. The company has a 50 day moving average of $0.76 and a two-hundred 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 current ratio of 3.43, a quick ratio of 1.55 and a debt-to-equity ratio of 0.02. The stock has a market cap of $5.28 million, a P/E ratio of -0.50 and a beta of 2.53.

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.