Envirotech Vehicles, Inc. (NASDAQ:EVTV – Get Free Report) was the recipient of a large decline in short interest in November. As of November 15th, there was short interest totalling 217,300 shares, a decline of 17.8% from the October 31st total of 264,500 shares. Based on an average trading volume of 70,600 shares, the short-interest ratio is presently 3.1 days. Currently, 1.5% of the company’s stock are sold short.
Institutional Investors Weigh In On Envirotech Vehicles
A hedge fund recently raised its stake in Envirotech Vehicles stock. Geode Capital Management LLC lifted its position in Envirotech Vehicles, Inc. (NASDAQ:EVTV – Free Report) by 8.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 133,703 shares of the company’s stock after buying an additional 10,066 shares during the quarter. Geode Capital Management LLC owned about 0.80% of Envirotech Vehicles worth $241,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 5.65% of the company’s stock.
Envirotech Vehicles Stock Up 6.9 %
EVTV traded up $0.10 during trading hours on Friday, hitting $1.54. 54,514 shares of the company’s stock were exchanged, compared to its average volume of 44,407. The stock has a market cap of $25.83 million, a price-to-earnings ratio of -2.44 and a beta of 2.77. Envirotech Vehicles has a 1-year low of $1.06 and a 1-year high of $3.20. The stock’s 50-day moving average is $1.76 and its two-hundred day moving average is $1.73. The company has a quick ratio of 1.55, a current ratio of 3.43 and a debt-to-equity ratio of 0.02.
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.
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