Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Short Interest Update

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 10,990,045 shares, an increase of 51.8% from the December 15th total of 7,238,645 shares. Based on an average daily volume of 3,316,466 shares, the short-interest ratio is presently 3.3 days. Currently, 7.1% of the shares of the stock are sold short. Currently, 7.1% of the shares of the stock are sold short. Based on an average daily volume of 3,316,466 shares, the short-interest ratio is presently 3.3 days.

Insider Activity

In related news, insider Anil Chitkara sold 120,000 shares of Evolv Technologies stock in a transaction on Monday, October 27th. The shares were sold at an average price of $8.20, for a total value of $984,000.00. Following the sale, the insider owned 1,275,100 shares of the company’s stock, valued at approximately $10,455,820. This trade represents a 8.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kevin M. Charlton acquired 15,000 shares of Evolv Technologies stock in a transaction on Friday, November 21st. The shares were bought at an average price of $5.68 per share, with a total value of $85,200.00. Following the completion of the transaction, the director directly owned 44,081 shares of the company’s stock, valued at $250,380.08. This trade represents a 51.58% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired 61,300 shares of company stock worth $363,326 over the last three months. 11.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Evolv Technologies

Hedge funds have recently made changes to their positions in the company. FNY Investment Advisers LLC raised its position in shares of Evolv Technologies by 48.3% during the 4th quarter. FNY Investment Advisers LLC now owns 8,897 shares of the company’s stock valued at $63,000 after buying an additional 2,897 shares during the period. SG Americas Securities LLC grew its position in Evolv Technologies by 637.1% in the fourth quarter. SG Americas Securities LLC now owns 693,269 shares of the company’s stock worth $4,964,000 after acquiring an additional 599,215 shares during the period. Tudor Investment Corp ET AL increased its stake in Evolv Technologies by 7.6% during the third quarter. Tudor Investment Corp ET AL now owns 1,055,016 shares of the company’s stock worth $7,965,000 after acquiring an additional 74,189 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new stake in Evolv Technologies in the third quarter valued at $93,000. Finally, Caxton Associates LLP acquired a new position in shares of Evolv Technologies in the 3rd quarter valued at $964,000. Hedge funds and other institutional investors own 66.65% of the company’s stock.

Evolv Technologies Price Performance

EVLV traded down $0.14 during trading on Friday, reaching $6.24. The company’s stock had a trading volume of 2,551,411 shares, compared to its average volume of 2,405,250. The company has a market cap of $1.09 billion, a price-to-earnings ratio of -16.86 and a beta of 1.85. The firm has a fifty day simple moving average of $6.66 and a two-hundred day simple moving average of $7.17. Evolv Technologies has a 1 year low of $2.64 and a 1 year high of $8.91. The company has a quick ratio of 1.20, a current ratio of 1.27 and a debt-to-equity ratio of 0.28.

Evolv Technologies (NASDAQ:EVLV) last released its quarterly earnings data on Thursday, November 13th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.06. Evolv Technologies had a negative return on equity of 55.11% and a negative net margin of 43.76%.The company had revenue of $42.85 million for the quarter, compared to analyst estimates of $33.73 million. As a group, analysts anticipate that Evolv Technologies will post -0.27 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Zacks Research raised shares of Evolv Technologies from a “strong sell” rating to a “hold” rating in a research note on Friday, October 17th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Evolv Technologies in a research note on Wednesday, October 8th. Finally, Lake Street Capital increased their target price on Evolv Technologies from $9.00 to $10.00 and gave the company a “buy” rating in a report on Friday, November 14th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Evolv Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.13.

About Evolv Technologies

Evolv Technologies, Inc is a publicly traded American security technology company that develops and markets AI-driven weapons detection and screening solutions. The company’s proprietary platform combines advanced sensors, computer vision software and machine learning algorithms to identify potential threats—such as firearms and knives—while minimizing false positives and preserving high throughput. Evolv’s systems are designed to replace or supplement traditional metal detectors and manual bag checks in high-traffic venues.

The company’s flagship product, Evolv Express, integrates seamlessly into existing security checkpoints, allowing guests to pass through without stopping or emptying their pockets.