Envirotech Vehicles, Inc. (NASDAQ:EVTV) Sees Large Decline in Short Interest

Envirotech Vehicles, Inc. (NASDAQ:EVTV) was the recipient of a large decrease in short interest during the month of 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. Currently, 4.0% of the shares of the company are short sold. Based on an average daily volume of 1,080,000 shares, the days-to-cover ratio is presently 0.5 days.

Envirotech Vehicles Stock Performance

Shares of NASDAQ EVTV traded down $0.04 during midday trading on Tuesday, hitting $0.27. 733,568 shares of the company’s stock traded hands, compared to its average volume of 1,713,477. Envirotech Vehicles has a 1 year low of $0.25 and a 1 year high of $3.20. The stock has a market capitalization of $4.55 million, a price-to-earnings ratio of -0.43 and a beta of 2.53. 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 firm has a fifty day moving average of $0.74 and a 200 day moving average of $1.39.

Institutional Investors Weigh In On Envirotech Vehicles

An institutional investor recently raised its position in Envirotech Vehicles stock. Geode Capital Management LLC increased its holdings in shares of Envirotech Vehicles, Inc. (NASDAQ:EVTV) by 8.1% in the 3rd quarter, according to its most recent Form 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 quarter. Geode Capital Management LLC owned approximately 0.80% of Envirotech Vehicles worth $241,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 5.65% of the company’s stock.

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.