Short Interest in Envirotech Vehicles, Inc. (NASDAQ:EVTV) Decreases By 16.7%

Envirotech Vehicles, Inc. (NASDAQ:EVTV) saw a large decrease in short interest in February. As of February 28th, there was short interest totalling 490,300 shares, a decrease of 16.7% from the February 13th total of 588,800 shares. Approximately 3.3% of the company’s shares are sold short. Based on an average daily volume of 1,190,000 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Envirotech Vehicles stock. Geode Capital Management LLC boosted its position in Envirotech Vehicles, Inc. (NASDAQ:EVTV) by 8.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 133,703 shares of the company’s stock after acquiring an additional 10,066 shares during the period. Geode Capital Management LLC owned 0.80% of Envirotech Vehicles worth $241,000 as of its most recent SEC filing. Institutional investors and hedge funds own 5.65% of the company’s stock.

Envirotech Vehicles Trading Up 2.8 %

Shares of Envirotech Vehicles stock traded up $0.01 on Wednesday, hitting $0.26. 125,179 shares of the company’s stock traded hands, compared to its average volume of 348,617. Envirotech Vehicles has a one year low of $0.24 and a one year high of $3.20. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.43 and a quick ratio of 1.55. The company has a fifty day moving average of $0.53 and a two-hundred day moving average of $1.25. The company has a market capitalization of $4.29 million, a price-to-earnings ratio of -0.41 and a beta of 2.70.

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.