General Enterprise Ventures, Inc. (OTCMKTS:GEVI) Sees Large Increase in Short Interest

General Enterprise Ventures, Inc. (OTCMKTS:GEVI) was the target of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 4,700 shares, an increase of 9.3% from the October 15th total of 4,300 shares. Based on an average daily trading volume, of 12,300 shares, the short-interest ratio is presently 0.4 days.

General Enterprise Ventures Price Performance

Shares of OTCMKTS GEVI remained flat at $0.69 during midday trading on Friday. 10,200 shares of the stock traded hands, compared to its average volume of 5,582. The company has a 50-day moving average price of $0.72 and a two-hundred day moving average price of $0.68. General Enterprise Ventures has a 12-month low of $0.41 and a 12-month high of $1.10. The stock has a market capitalization of $25.39 million, a PE ratio of -4.60 and a beta of 5.19.

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

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.