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

Envirotech Vehicles, Inc. (NASDAQ:EVTV) was the target of a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 901,204 shares, a decrease of 69.4% from the January 15th total of 2,949,140 shares. Approximately 31.1% of the company’s shares are sold short. Based on an average daily trading volume, of 13,226,272 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 13,226,272 shares, the short-interest ratio is presently 0.1 days. Approximately 31.1% of the company’s shares are sold short.

Envirotech Vehicles Stock Up 1.4%

Shares of EVTV opened at $2.10 on Wednesday. Envirotech Vehicles has a fifty-two week low of $0.33 and a fifty-two week high of $5.07. The company’s fifty day moving average is $1.53 and its two-hundred day moving average is $1.67. The firm has a market cap of $7.41 million, a PE ratio of -0.18 and a beta of 0.74.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on EVTV. Weiss Ratings reiterated a “sell (e+)” rating on shares of Envirotech Vehicles in a report on Thursday, January 22nd. Wall Street Zen downgraded Envirotech Vehicles to a “strong sell” rating in a research report on Saturday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

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. The company also offers vehicle maintenance and safety inspection services. It serves commercial and last-mile fleets, school districts, public and private transportation service companies, and colleges and universities.