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

Posted by Tyrone Williams on Aug 1st, 2024

Envirotech Vehicles, Inc. (NASDAQ:EVTV – Get Free Report) saw a significant decrease in short interest during the month of July. As of July 15th, there was short interest totalling 180,700 shares, a decrease of 7.9% from the June 30th total of 196,300 shares. Approximately 1.3% of the shares of the stock are sold short. Based on an average daily volume of 25,700 shares, the short-interest ratio is presently 7.0 days.

Institutional Trading of Envirotech Vehicles

An institutional investor recently bought a new position in Envirotech Vehicles stock. PFG Investments LLC bought a new position in shares of Envirotech Vehicles, Inc. (NASDAQ:EVTV – Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 23,500 shares of the company’s stock, valued at approximately $63,000. PFG Investments LLC owned 0.15% of Envirotech Vehicles at the end of the most recent quarter. 5.65% of the stock is currently owned by institutional investors.

Envirotech Vehicles Stock Up 3.7 %

Envirotech Vehicles stock traded up $0.06 during trading hours on Thursday, hitting $1.70. The stock had a trading volume of 2,105 shares, compared to its average volume of 31,156. Envirotech Vehicles has a 1-year low of $0.92 and a 1-year high of $3.20. The stock’s fifty day moving average is $1.62 and its two-hundred day moving average is $2.01.

Envirotech Vehicles (NASDAQ:EVTV – Get Free Report) last posted its quarterly earnings data on Monday, May 20th. The company reported ($0.19) EPS for the quarter. The company had revenue of $0.81 million for the quarter. Envirotech Vehicles had a negative net margin of 474.39% and a negative return on equity of 58.43%.

Envirotech Vehicles Company Profile

(Get Free Report)

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.