Short Interest in Evolv Technologies Holdings, Inc. (NASDAQ:EVLVW) Increases By 144.4%

Evolv Technologies Holdings, Inc. (NASDAQ:EVLVW) saw a significant growth in short interest in January. As of January 30th, there was short interest totaling 8,620 shares, a growth of 144.4% from the January 15th total of 3,527 shares. Based on an average trading volume of 22,389 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 22,389 shares, the days-to-cover ratio is currently 0.4 days.

Evolv Technologies Trading Down 6.4%

Shares of NASDAQ EVLVW traded down $0.01 during trading on Thursday, reaching $0.14. 82,352 shares of the stock were exchanged, compared to its average volume of 42,541. The business’s 50-day moving average price is $0.23 and its 200 day moving average price is $0.50. Evolv Technologies has a twelve month low of $0.11 and a twelve month high of $1.08.

Evolv Technologies Company Profile

Evolv Technologies Holdings, Inc (NASDAQ: EVLVW) is a security technology company specializing in contactless weapons detection systems designed to enhance safety and streamline entry processes at high-traffic venues. The company’s solutions combine advanced sensor fusion with artificial intelligence to accurately detect concealed threats such as firearms and knives without requiring physical pat-downs or the removal of personal belongings. By delivering a low-friction screening experience, Evolv aims to balance robust security protocols with a positive visitor experience.

The company’s flagship product, Evolv Edge, utilizes millimeter-wave radar and computer vision to identify potential threats within milliseconds as individuals walk through screening portals.