Short Interest in General Enterprise Ventures, Inc. (OTCMKTS:GEVI) Expands By 437.5%

General Enterprise Ventures, Inc. (OTCMKTS:GEVI) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 4,300 shares, a growth of 437.5% from the September 30th total of 800 shares. Based on an average daily trading volume, of 6,800 shares, the days-to-cover ratio is currently 0.6 days.

General Enterprise Ventures Stock Performance

Shares of OTCMKTS GEVI traded up $0.00 during mid-day trading on Friday, reaching $0.66. 1,000 shares of the company traded hands, compared to its average volume of 19,114. The company’s fifty day moving average is $0.73 and its two-hundred day moving average is $0.69. General Enterprise Ventures has a fifty-two week low of $0.32 and a fifty-two week high of $1.10. The stock has a market cap of $23.96 million, a PE ratio of -5.06 and a beta of 5.11.

General Enterprise Ventures (OTCMKTS:GEVI) last announced its quarterly earnings results on Friday, August 16th. The company reported ($0.02) EPS for the quarter. General Enterprise Ventures had a negative net margin of 1,292.80% and a negative return on equity of 391.64%. The company had revenue of $0.20 million for the quarter.

General Enterprise Ventures Company Profile

General Enterprise Ventures, Inc, engages in installing large home and facility proactive wildfire prevention systems. It offers CitroTech products for the prevention and spread of wildfires, as well as lumber treatments for fire prevention. The company was formerly known as General Entertainment Ventures, Inc and changed its name to General Enterprise Ventures, Inc in October 2021.