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

Envirotech Vehicles, Inc. (NASDAQ:EVTV) was the target of a large decrease in short interest in 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. Approximately 4.0% of the company’s shares are sold short. Based on an average daily trading volume, of 1,080,000 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On Envirotech Vehicles

An institutional investor recently raised its position in Envirotech Vehicles stock. Geode Capital Management LLC boosted its position in shares of Envirotech Vehicles, Inc. (NASDAQ:EVTV) by 8.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent reporting period. 5.65% of the stock is owned by institutional investors and hedge funds.

Envirotech Vehicles Trading Up 2.3 %

Shares of EVTV traded up $0.01 during trading hours on Monday, reaching $0.32. The stock had a trading volume of 226,007 shares, compared to its average volume of 1,737,988. 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 has a 52 week low of $0.29 and a 52 week high of $3.20. The firm has a 50-day moving average of $0.76 and a 200 day moving average of $1.40. The company has a market cap of $5.28 million, a P/E ratio of -0.50 and a beta of 2.53.

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.