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

Envirotech Vehicles, Inc. (NASDAQ:EVTV) saw a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 84,881 shares, a drop of 23.9% from the November 30th total of 111,599 shares. Approximately 2.9% of the shares of the company are sold short. Based on an average daily trading volume, of 113,499 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily trading volume, of 113,499 shares, the days-to-cover ratio is presently 0.7 days. Approximately 2.9% of the shares of the company are sold short.

Envirotech Vehicles Stock Performance

Shares of NASDAQ EVTV traded down $0.03 during trading on Tuesday, hitting $0.36. 130,399 shares of the company traded hands, compared to its average volume of 342,091. The business’s fifty day moving average is $1.12 and its 200 day moving average is $1.64. The firm has a market capitalization of $1.26 million, a price-to-earnings ratio of -0.03 and a beta of 0.42. Envirotech Vehicles has a fifty-two week low of $0.34 and a fifty-two week high of $14.00.

Wall Street Analyst Weigh In

EVTV has been the subject of several research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Envirotech Vehicles in a report on Wednesday, October 8th. Wall Street Zen upgraded Envirotech Vehicles to a “sell” rating in a research report on Saturday, October 11th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

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. The company also offers vehicle maintenance and safety inspection services. It serves commercial and last-mile fleets, school districts, public and private transportation service companies, and colleges and universities.