Envirotech Vehicles, Inc. (NASDAQ:EVTV) Short Interest Down 69.4% in January

Envirotech Vehicles, Inc. (NASDAQ:EVTVGet Free Report) was the target of a significant drop in short interest in January. As of January 30th, there was short interest totaling 901,204 shares, a drop of 69.4% from the January 15th total of 2,949,140 shares. Currently, 31.1% of the company’s stock are short sold. Based on an average daily volume of 13,226,272 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 13,226,272 shares, the short-interest ratio is presently 0.1 days. Currently, 31.1% of the company’s stock are short sold.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on EVTV shares. Weiss Ratings restated a “sell (e+)” rating on shares of Envirotech Vehicles in a report on Thursday, January 22nd. Wall Street Zen downgraded Envirotech Vehicles to a “strong sell” rating in a research note on Saturday, February 7th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Envirotech Vehicles presently has a consensus rating of “Sell”.

Check Out Our Latest Research Report on Envirotech Vehicles

Envirotech Vehicles Price Performance

EVTV stock traded up $0.02 during midday trading on Friday, reaching $2.18. 1,272,796 shares of the company were exchanged, compared to its average volume of 56,494,863. Envirotech Vehicles has a one year low of $0.33 and a one year high of $5.07. The firm has a market capitalization of $7.70 million, a price-to-earnings ratio of -0.19 and a beta of 0.74. The business has a 50-day moving average price of $1.57 and a two-hundred day moving average price of $1.68.

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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