Envirotech Vehicles, Inc. (NASDAQ:EVTV) Sees Large Decrease in Short Interest

Envirotech Vehicles, Inc. (NASDAQ:EVTV) was the recipient of a significant decrease in short interest in January. As of January 30th, there was short interest totaling 901,204 shares, a decrease of 69.4% from the January 15th total of 2,949,140 shares. Approximately 31.1% of the shares of the company are sold short. Based on an average daily volume of 13,226,272 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 13,226,272 shares, the short-interest ratio is currently 0.1 days. Approximately 31.1% of the shares of the company are sold short.

Wall Street Analyst Weigh In

EVTV has been the subject of several recent analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Envirotech Vehicles in a report on Thursday, January 22nd. Wall Street Zen lowered shares of Envirotech Vehicles to a “strong sell” rating in a research report on Saturday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Envirotech Vehicles Stock Performance

Envirotech Vehicles stock opened at $2.10 on Wednesday. Envirotech Vehicles has a fifty-two week low of $0.33 and a fifty-two week high of $5.07. The firm has a market capitalization of $7.41 million, a price-to-earnings ratio of -0.18 and a beta of 0.74. The stock’s fifty day moving average is $1.53 and its two-hundred day moving average is $1.67.

About Envirotech Vehicles

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.