Envirotech Vehicles, Inc. (NASDAQ:EVTV) Short Interest Up 559.3% in January

Envirotech Vehicles, Inc. (NASDAQ:EVTV) saw a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 915,700 shares, a growth of 559.3% from the January 15th total of 138,900 shares. Based on an average daily volume of 1,050,000 shares, the short-interest ratio is presently 0.9 days. Currently, 6.2% of the shares of the company are short sold.

Hedge Funds Weigh In On Envirotech Vehicles

An institutional investor recently raised its position in Envirotech Vehicles stock. Geode Capital Management LLC lifted its stake in shares of Envirotech Vehicles, Inc. (NASDAQ:EVTV) by 8.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 133,703 shares of the company’s stock after acquiring 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 filing with the Securities and Exchange Commission. 5.65% of the stock is currently owned by institutional investors and hedge funds.

Envirotech Vehicles Stock Performance

EVTV traded down $0.01 on Wednesday, reaching $0.34. The stock had a trading volume of 159,121 shares, compared to its average volume of 2,380,922. Envirotech Vehicles has a 12-month low of $0.29 and a 12-month high of $3.20. The company has a current ratio of 3.43, a quick ratio of 1.55 and a debt-to-equity ratio of 0.02. The company has a market cap of $5.74 million, a P/E ratio of -0.54 and a beta of 2.53. The business’s 50-day moving average price is $1.03 and its two-hundred day moving average price is $1.52.

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.