Short Interest in Envirotech Vehicles, Inc. (NASDAQ:EVTV) Drops By 23.9%

by · The Markets Daily

Envirotech Vehicles, Inc. (NASDAQ:EVTV – Get Free Report) was the target of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 84,881 shares, a decrease of 23.9% from the November 30th total of 111,599 shares. Based on an average daily volume of 113,499 shares, the days-to-cover ratio is presently 0.7 days. Currently, 2.9% of the shares of the stock are short sold. Currently, 2.9% of the shares of the stock are short sold. Based on an average daily volume of 113,499 shares, the days-to-cover ratio is presently 0.7 days.

Analysts Set New Price Targets

Several equities analysts have weighed in on EVTV shares. Wall Street Zen raised shares of Envirotech Vehicles to a “sell” rating in a research note on Saturday, October 11th. Weiss Ratings reissued a “sell (e+)” rating on shares of Envirotech Vehicles in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Envirotech Vehicles currently has a consensus rating of “Sell”.

Read Our Latest Analysis on EVTV

Envirotech Vehicles Stock Performance

Shares of EVTV traded down $0.02 during trading hours on Wednesday, hitting $0.36. 319,014 shares of the company were exchanged, compared to its average volume of 2,250,722. The firm’s fifty day moving average is $1.08 and its 200 day moving average is $1.62. Envirotech Vehicles has a fifty-two week low of $0.33 and a fifty-two week high of $14.00.

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. 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.

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