Envirotech Vehicles, Inc. (NASDAQ:EVTV) Short Interest Up 15.5% in March

Envirotech Vehicles, Inc. (NASDAQ:EVTV) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totalling 198,100 shares, an increase of 15.5% from the March 15th total of 171,500 shares. Approximately 1.7% of the company’s stock are sold short. Based on an average trading volume of 42,100 shares, the short-interest ratio is currently 4.7 days.

Institutional Investors Weigh In On Envirotech Vehicles

Several hedge funds have recently bought and sold shares of EVTV. Susquehanna International Group LLP lifted its stake in Envirotech Vehicles by 91.5% in the 1st quarter. Susquehanna International Group LLP now owns 20,372 shares of the company’s stock worth $63,000 after acquiring an additional 9,734 shares in the last quarter. Royal Bank of Canada purchased a new stake in Envirotech Vehicles in the 3rd quarter worth about $103,000. BlackRock Inc. lifted its stake in Envirotech Vehicles by 17.3% in the 2nd quarter. BlackRock Inc. now owns 157,294 shares of the company’s stock worth $330,000 after acquiring an additional 23,176 shares in the last quarter. Finally, Vanguard Group Inc. purchased a new stake in Envirotech Vehicles in the 3rd quarter worth about $2,078,000. 5.65% of the stock is owned by hedge funds and other institutional investors.

Envirotech Vehicles Price Performance

Envirotech Vehicles stock traded down $0.03 during mid-day trading on Tuesday, hitting $2.27. The company’s stock had a trading volume of 6,360 shares, compared to its average volume of 38,490. The firm’s 50 day moving average is $2.54 and its 200 day moving average is $1.79. The company has a market cap of $35.23 million, a PE ratio of -0.68 and a beta of 2.76. Envirotech Vehicles has a 52-week low of $0.92 and a 52-week high of $3.37.

About Envirotech Vehicles

Envirotech Vehicles, Inc provides zero-emission electric vehicles in the United States. The company also offers vehicle maintenance and inspection services. It serves commercial and last-mile fleets, school districts, public and private transportation service companies, and colleges and universities.