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

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

Envirotech Vehicles Trading Up 2.8 %

NASDAQ EVTV opened at $0.26 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.55 and a current ratio of 3.43. The firm has a market cap of $4.29 million, a PE ratio of -0.41 and a beta of 2.70. Envirotech Vehicles has a one year low of $0.24 and a one year high of $3.20. The firm’s fifty day moving average is $0.53 and its two-hundred day moving average is $1.25.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Envirotech Vehicles stock. Geode Capital Management LLC raised its holdings in Envirotech Vehicles, Inc. (NASDAQ:EVTV) by 8.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 133,703 shares of the company’s stock after purchasing an additional 10,066 shares during the quarter. Geode Capital Management LLC owned about 0.80% of Envirotech Vehicles worth $241,000 as of its most recent filing with the SEC. 5.65% of the stock is owned by institutional investors.

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.