Envirotech Vehicles, Inc. (NASDAQ:EVTV) Short Interest Down 35.8% in March

Envirotech Vehicles, Inc. (NASDAQ:EVTV) saw a large decline in short interest in March. As of March 13th, there was short interest totaling 839,188 shares, a decline of 35.8% from the February 26th total of 1,307,126 shares. Approximately 28.9% of the company’s shares are short sold. Based on an average trading volume of 431,466 shares, the days-to-cover ratio is presently 1.9 days.

Analysts Set New Price Targets

EVTV has been the topic of several research analyst reports. Wall Street Zen lowered shares of Envirotech Vehicles to a “strong sell” rating in a research note on Saturday, February 7th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Envirotech Vehicles in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Envirotech Vehicles has an average rating of “Sell”.

Envirotech Vehicles Stock Performance

Shares of Envirotech Vehicles stock opened at $1.63 on Friday. The stock has a market capitalization of $5.75 million, a PE ratio of -0.14 and a beta of 0.77. Envirotech Vehicles has a 52 week low of $0.33 and a 52 week high of $5.07. The stock has a 50 day moving average price of $1.93 and a two-hundred day moving average price of $1.59.

Envirotech Vehicles Company Profile

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.