Envirotech Vehicles, Inc. (NASDAQ:EVTV) Short Interest Down 15.0% in April

Envirotech Vehicles, Inc. (NASDAQ:EVTV) was the target of a large decrease in short interest during the month of April. As of April 15th, there was short interest totaling 851,333 shares, a decrease of 15.0% from the March 31st total of 1,001,025 shares. Currently, 8.0% of the shares of the stock are sold short. Based on an average daily volume of 348,914 shares, the short-interest ratio is presently 2.4 days.

Envirotech Vehicles Stock Down 1.1%

NASDAQ EVTV traded down $0.02 on Friday, hitting $1.79. The company’s stock had a trading volume of 80,680 shares, compared to its average volume of 20,995,594. Envirotech Vehicles has a 1-year low of $0.33 and a 1-year high of $5.07. The company’s 50-day moving average is $1.67 and its 200 day moving average is $1.55. The firm has a market cap of $23.15 million, a PE ratio of -0.14 and a beta of 0.76.

Envirotech Vehicles (NASDAQ:EVTV) last announced its quarterly earnings results on Monday, April 13th. The company reported ($2.34) earnings per share (EPS) for the quarter. Envirotech Vehicles had a negative net margin of 658.70% and a negative return on equity of 1,284.22%. The business had revenue of $2.49 million during the quarter.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on EVTV shares. Wall Street Zen raised shares of Envirotech Vehicles from a “strong sell” rating to a “hold” rating in a research note on Saturday, April 18th. Weiss Ratings restated a “sell (e+)” rating on shares of Envirotech Vehicles in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Envirotech Vehicles 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.