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

Envirotech Vehicles, Inc. (NASDAQ:EVTV) was the recipient of a significant drop in short interest in February. As of February 15th, there was short interest totalling 588,800 shares, a drop of 35.7% from the January 31st total of 915,700 shares. Currently, 4.0% of the shares of the stock are sold short. Based on an average daily volume of 1,080,000 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors Weigh In On Envirotech Vehicles

A hedge fund recently raised its stake in Envirotech Vehicles stock. Geode Capital Management LLC boosted its holdings in shares of Envirotech Vehicles, Inc. (NASDAQ:EVTV) by 8.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 SEC filing. 5.65% of the stock is owned by institutional investors.

Envirotech Vehicles Price Performance

Envirotech Vehicles stock traded down $0.04 during mid-day trading on Tuesday, reaching $0.27. 733,568 shares of the company’s stock traded hands, compared to its average volume of 1,713,477. The company has a market cap of $4.55 million, a price-to-earnings ratio of -0.43 and a beta of 2.53. The stock has a 50 day moving average of $0.74 and a two-hundred day moving average of $1.39. The company has a quick ratio of 1.55, a current ratio of 3.43 and a debt-to-equity ratio of 0.02. Envirotech Vehicles has a 12-month low of $0.25 and a 12-month high of $3.20.

About Envirotech Vehicles

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.