Envirotech Vehicles, Inc. (NASDAQ:EVTV) Short Interest Update

Envirotech Vehicles, Inc. (NASDAQ:EVTV) was the recipient of a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 309,700 shares, an increase of 42.5% from the November 15th total of 217,300 shares. Based on an average daily volume of 34,100 shares, the days-to-cover ratio is currently 9.1 days. Currently, 2.1% of the shares of the company are short sold.

Envirotech Vehicles Stock Performance

Shares of Envirotech Vehicles stock traded down $0.03 during trading on Friday, reaching $1.37. The company’s stock had a trading volume of 9,168 shares, compared to its average volume of 43,598. 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 company has a 50-day moving average price of $1.68 and a two-hundred day moving average price of $1.71. Envirotech Vehicles has a fifty-two week low of $1.06 and a fifty-two week high of $3.20. The firm has a market cap of $22.98 million, a PE ratio of -2.17 and a beta of 2.57.

Institutional Investors Weigh In On Envirotech Vehicles

A hedge fund recently raised its stake in Envirotech Vehicles stock. Geode Capital Management LLC lifted its position in shares of Envirotech Vehicles, Inc. (NASDAQ:EVTV) by 8.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 133,703 shares of the company’s stock after buying an additional 10,066 shares during the quarter. Geode Capital Management LLC owned approximately 0.80% of Envirotech Vehicles worth $241,000 at the end of the most recent quarter. 5.65% of the stock is owned by institutional investors.

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.