Short Interest in Envirotech Vehicles, Inc. (NASDAQ:EVTV) Declines By 35.7%

Envirotech Vehicles, Inc. (NASDAQ:EVTV) saw 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. Based on an average daily trading volume, of 1,080,000 shares, the days-to-cover ratio is presently 0.5 days. Approximately 4.0% of the company’s stock are sold short.

Institutional Trading of Envirotech Vehicles

A hedge fund recently raised its stake in Envirotech Vehicles stock. Geode Capital Management LLC increased its position in Envirotech Vehicles, Inc. (NASDAQ:EVTV) by 8.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. 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 approximately 0.80% of Envirotech Vehicles worth $241,000 as of its most recent SEC filing. 5.65% of the stock is owned by institutional investors.

Envirotech Vehicles Price Performance

NASDAQ:EVTV opened at $0.31 on Friday. Envirotech Vehicles has a 1-year low of $0.29 and a 1-year 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 firm has a fifty day simple moving average of $0.76 and a 200 day simple moving average of $1.40. The stock has a market capitalization of $5.16 million, a PE ratio of -0.49 and a beta of 2.53.

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.