Envirotech Vehicles, Inc. (NASDAQ:EVTV) Sees Significant Increase in Short Interest

Envirotech Vehicles, Inc. (NASDAQ:EVTV) was the target of a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 309,700 shares, a growth of 42.5% from the November 15th total of 217,300 shares. Based on an average trading volume of 34,100 shares, the short-interest ratio is currently 9.1 days. Currently, 2.1% of the shares of the company are sold short.

Institutional Trading of Envirotech Vehicles

A hedge fund recently raised its stake in Envirotech Vehicles stock. Geode Capital Management LLC raised its position in Envirotech Vehicles, Inc. (NASDAQ:EVTV) by 8.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 133,703 shares of the company’s stock after purchasing an additional 10,066 shares during the quarter. Geode Capital Management LLC owned 0.80% of Envirotech Vehicles worth $241,000 as of its most recent SEC filing. 5.65% of the stock is currently owned by institutional investors.

Envirotech Vehicles Price Performance

Shares of EVTV stock traded down $0.03 on Friday, reaching $1.37. 9,168 shares of the company were exchanged, compared to its average volume of 43,598. Envirotech Vehicles has a 1 year low of $1.06 and a 1 year high of $3.20. The business has a 50-day moving average price of $1.68 and a 200 day moving average price of $1.71. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.55 and a current ratio of 3.43. The company has a market cap of $22.98 million, a price-to-earnings ratio of -2.17 and a beta of 2.57.

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.