Envirotech Vehicles, Inc. (NASDAQ:EVTV) Short Interest Down 48.9% in December

Envirotech Vehicles, Inc. (NASDAQ:EVTV) was the recipient of a large decline in short interest in December. As of December 31st, there was short interest totaling 43,369 shares, a decline of 48.9% from the December 15th total of 84,881 shares. Based on an average daily trading volume, of 3,908,395 shares, the days-to-cover ratio is presently 0.0 days. Currently, 1.5% of the company’s stock are sold short. Currently, 1.5% of the company’s stock are sold short. Based on an average daily trading volume, of 3,908,395 shares, the days-to-cover ratio is presently 0.0 days.

Envirotech Vehicles Stock Up 9.9%

Shares of EVTV traded up $0.32 during midday trading on Friday, hitting $3.55. The company had a trading volume of 17,413,249 shares, compared to its average volume of 76,231,608. The stock has a market cap of $12.53 million, a price-to-earnings ratio of -0.31 and a beta of 0.61. The company’s 50 day moving average price is $1.10 and its 200 day moving average price is $1.61. Envirotech Vehicles has a 52 week low of $0.33 and a 52 week high of $11.30.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Envirotech Vehicles in a research report on Wednesday, October 8th. Wall Street Zen upgraded Envirotech Vehicles to a “sell” rating in a research note on Saturday, October 11th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

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. 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.