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

Envirotech Vehicles, Inc. (NASDAQ:EVTV) saw a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 839,188 shares, a drop of 35.8% from the February 26th total of 1,307,126 shares. Based on an average daily trading volume, of 431,466 shares, the short-interest ratio is presently 1.9 days. Approximately 28.9% of the shares of the company are sold short.

Analyst Ratings Changes

EVTV has been the topic of several recent research reports. Wall Street Zen cut shares of Envirotech Vehicles to a “strong sell” rating in a research note on Saturday, February 7th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Envirotech Vehicles in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Envirotech Vehicles Stock Performance

Shares of NASDAQ EVTV traded up $0.06 during midday trading on Friday, reaching $1.63. The stock had a trading volume of 361,568 shares, compared to its average volume of 1,116,161. The company has a market capitalization of $5.75 million, a price-to-earnings ratio of -0.14 and a beta of 0.77. Envirotech Vehicles has a 12-month low of $0.33 and a 12-month high of $5.07. The stock has a 50-day moving average of $1.93 and a 200-day moving average of $1.59.

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.