Envirotech Vehicles, Inc. (NASDAQ:EVTV) Sees Significant Decrease in Short Interest

Envirotech Vehicles, Inc. (NASDAQ:EVTV) was the target of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totalling 180,700 shares, a decrease of 7.9% from the June 30th total of 196,300 shares. Approximately 1.3% of the company’s shares are sold short. Based on an average daily volume of 25,700 shares, the short-interest ratio is currently 7.0 days.

Hedge Funds Weigh In On Envirotech Vehicles

An institutional investor recently bought a new position in Envirotech Vehicles stock. PFG Investments LLC purchased a new stake in Envirotech Vehicles, Inc. (NASDAQ:EVTV) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 23,500 shares of the company’s stock, valued at approximately $63,000. PFG Investments LLC owned approximately 0.15% of Envirotech Vehicles as of its most recent filing with the Securities and Exchange Commission. 5.65% of the stock is currently owned by hedge funds and other institutional investors.

Envirotech Vehicles Stock Performance

NASDAQ EVTV traded up $0.06 on Thursday, reaching $1.70. The company had a trading volume of 2,105 shares, compared to its average volume of 31,156. Envirotech Vehicles has a fifty-two week low of $0.92 and a fifty-two week high of $3.20. The business has a 50 day moving average of $1.62 and a two-hundred day moving average of $2.01.

Envirotech Vehicles (NASDAQ:EVTV) last issued its quarterly earnings results on Monday, May 20th. The company reported ($0.19) earnings per share for the quarter. Envirotech Vehicles had a negative return on equity of 58.43% and a negative net margin of 474.39%. The business had revenue of $0.81 million for the quarter.

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.