Evolv Technologies Holdings, Inc. (NASDAQ:EVLVW) Short Interest Up 145.9% in February

Evolv Technologies Holdings, Inc. (NASDAQ:EVLVW) saw a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 21,195 shares, an increase of 145.9% from the January 29th total of 8,620 shares. Based on an average daily volume of 67,538 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 67,538 shares, the short-interest ratio is presently 0.3 days.

Evolv Technologies Stock Down 7.2%

Shares of NASDAQ EVLVW opened at $0.08 on Friday. The firm’s 50-day moving average is $0.19 and its 200-day moving average is $0.47. Evolv Technologies has a 1 year low of $0.07 and a 1 year high of $1.08.

Evolv Technologies Company Profile

Evolv Technologies Holdings, Inc (NASDAQ: EVLVW) is a security technology company specializing in contactless weapons detection systems designed to enhance safety and streamline entry processes at high-traffic venues. The company’s solutions combine advanced sensor fusion with artificial intelligence to accurately detect concealed threats such as firearms and knives without requiring physical pat-downs or the removal of personal belongings. By delivering a low-friction screening experience, Evolv aims to balance robust security protocols with a positive visitor experience.

The company’s flagship product, Evolv Edge, utilizes millimeter-wave radar and computer vision to identify potential threats within milliseconds as individuals walk through screening portals.