NeoVolta Inc. (NASDAQ:NEOV) Sees Large Decrease in Short Interest

NeoVolta Inc. (NASDAQ:NEOV) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totalling 245,000 shares, a decrease of 13.1% from the May 31st total of 281,800 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average daily volume of 174,800 shares, the short-interest ratio is currently 1.4 days.

NeoVolta Price Performance

NEOV traded down $0.10 during trading on Monday, reaching $2.54. The company’s stock had a trading volume of 11,812 shares, compared to its average volume of 114,488. The company’s fifty day moving average price is $2.61 and its 200-day moving average price is $1.88. NeoVolta has a 52-week low of $0.63 and a 52-week high of $3.58.

NeoVolta (NASDAQ:NEOV) last posted its quarterly earnings results on Friday, May 10th. The company reported ($0.02) earnings per share for the quarter. The business had revenue of $0.28 million during the quarter. NeoVolta had a negative net margin of 68.01% and a negative return on equity of 32.41%.

NeoVolta Company Profile

NeoVolta Inc designs, manufactures, and sells energy storage systems in the United States. It provides NV14, NV14-K, and NV 24 energy storage systems, which stores and uses energy through batteries and an inverter at residential or commercial sites. The company markets and sells its products directly to certified solar installers and solar equipment distributors.