Evolv Technologies Holdings, Inc. (NASDAQ:EVLVW) Sees Large Decline in Short Interest

Evolv Technologies Holdings, Inc. (NASDAQ:EVLVW) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 3,527 shares, a drop of 79.9% from the December 31st total of 17,561 shares. Based on an average daily trading volume, of 33,020 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 33,020 shares, the short-interest ratio is presently 0.1 days.

Evolv Technologies Trading Down 5.4%

NASDAQ EVLVW traded down $0.01 on Wednesday, hitting $0.18. The company’s stock had a trading volume of 10,383 shares, compared to its average volume of 30,052. The company’s 50-day moving average is $0.24 and its 200 day moving average is $0.53. Evolv Technologies has a 1-year low of $0.12 and a 1-year high of $1.08.

About Evolv Technologies

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.