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

Envirotech Vehicles, Inc. (NASDAQ:EVTV) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totaling 85,300 shares, a drop of 53.9% from the September 15th total of 185,100 shares. Approximately 2.7% of the company’s shares are short sold. Based on an average trading volume of 371,700 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 371,700 shares, the short-interest ratio is presently 0.2 days. Approximately 2.7% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Wall Street Zen raised shares of Envirotech Vehicles to a “sell” rating in a research report on Saturday, October 11th. Weiss Ratings reissued a “sell (e+)” rating on shares of Envirotech Vehicles in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Envirotech Vehicles Stock Performance

Shares of EVTV opened at $1.33 on Monday. The company’s 50 day moving average price is $2.02 and its 200 day moving average price is $2.07. Envirotech Vehicles has a 52 week low of $1.33 and a 52 week high of $21.30. The company has a market capitalization of $4.69 million, a PE ratio of -0.13 and a beta of 2.94.

Envirotech Vehicles (NASDAQ:EVTV) last announced its quarterly earnings data on Monday, August 18th. The company reported ($2.01) EPS for the quarter. The company had revenue of $1.05 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.