Envirotech Vehicles, Inc. (NASDAQ:EVTV) Sees Significant Decline in Short Interest

Envirotech Vehicles, Inc. (NASDAQ:EVTV) was the recipient of a significant decrease in short interest in April. As of April 15th, there was short interest totaling 851,333 shares, a decrease of 15.0% from the March 31st total of 1,001,025 shares. Based on an average trading volume of 348,914 shares, the days-to-cover ratio is presently 2.4 days. Approximately 8.0% of the shares of the company are sold short.

Analyst Ratings Changes

Several research firms have issued reports on EVTV. Wall Street Zen raised shares of Envirotech Vehicles from a “strong sell” rating to a “hold” rating in a research report on Saturday, April 18th. Weiss Ratings lowered shares of Envirotech Vehicles from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday. One analyst has rated the stock with a Sell rating, According to MarketBeat, Envirotech Vehicles currently has a consensus rating of “Sell”.

Envirotech Vehicles Price Performance

Shares of EVTV opened at $1.78 on Friday. The firm has a market capitalization of $23.02 million, a PE ratio of -0.14 and a beta of 0.80. The company’s 50-day moving average is $1.67 and its 200-day moving average is $1.55. Envirotech Vehicles has a fifty-two week low of $0.33 and a fifty-two week high of $5.07.

Envirotech Vehicles (NASDAQ:EVTV) last issued its quarterly earnings data on Monday, April 13th. The company reported ($2.34) earnings per share for the quarter. The company had revenue of $2.49 million during the quarter. Envirotech Vehicles had a negative net margin of 658.70% and a negative return on equity of 1,284.22%.

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.