Evolv Technologies Holdings, Inc. (NASDAQ:EVLVW) Sees Significant Decline in Short Interest

Evolv Technologies Holdings, Inc. (NASDAQ:EVLVW) was the target of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 38,747 shares, a decrease of 46.5% from the April 30th total of 72,434 shares. Based on an average daily trading volume, of 90,029 shares, the days-to-cover ratio is presently 0.4 days.

Evolv Technologies Price Performance

NASDAQ:EVLVW traded down $0.01 during trading hours on Monday, hitting $0.06. 258,396 shares of the company traded hands, compared to its average volume of 77,727. The firm’s 50-day simple moving average is $0.11 and its 200-day simple moving average is $0.17. Evolv Technologies has a one year low of $0.05 and a one year high of $1.08.

About Evolv Technologies

Evolv Technologies Holdings, Inc (NASDAQ: EVLVW) is a security technology company specializing in contactless weapons detection systems designed to enhance safety and streamline entry processes at high-traffic venues. The company’s solutions combine advanced sensor fusion with artificial intelligence to accurately detect concealed threats such as firearms and knives without requiring physical pat-downs or the removal of personal belongings. By delivering a low-friction screening experience, Evolv aims to balance robust security protocols with a positive visitor experience.

The company’s flagship product, Evolv Edge, utilizes millimeter-wave radar and computer vision to identify potential threats within milliseconds as individuals walk through screening portals.