NeoVolta Inc. (NASDAQ:NEOVW) Sees Significant Growth in Short Interest

NeoVolta Inc. (NASDAQ:NEOVW) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 293 shares, an increase of 498.0% from the August 15th total of 49 shares. Based on an average daily trading volume, of 1,748 shares, the days-to-cover ratio is currently 0.2 days.

NeoVolta Stock Down 29.7%

Shares of NASDAQ:NEOVW traded down $0.40 during trading on Friday, hitting $0.94. 1,475 shares of the company were exchanged, compared to its average volume of 4,162. NeoVolta has a 1-year low of $0.58 and a 1-year high of $3.81. The business’s 50 day moving average is $1.05 and its 200-day moving average is $1.16.

About NeoVolta

NeoVolta, Inc (NASDAQ: NEOVW) is a cleantech company headquartered in San Diego, California, specializing in integrated power electronics and energy management solutions for residential and light commercial applications. The company designs, manufactures and distributes advanced solar inverters, modular battery storage systems and smart electric vehicle (EV) charging stations. By combining hardware with proprietary cloud-based software, NeoVolta enables customers to optimize renewable energy use, manage peak demand and enhance grid resilience.

At the heart of NeoVolta’s offering is its scalable energy storage platform, which can be paired with new or existing solar photovoltaic (PV) arrays to provide backup power, load-shifting and demand-response functionality.