Short Interest in Envirotech Vehicles, Inc. (NASDAQ:EVTV) Increases By 153.1%

Envirotech Vehicles, Inc. (NASDAQ:EVTV) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 401,600 shares, an increase of 153.1% from the August 15th total of 158,700 shares. Approximately 2.9% of the shares of the company are short sold. Based on an average trading volume of 72,800 shares, the short-interest ratio is presently 5.5 days.

Envirotech Vehicles Stock Performance

Shares of EVTV traded up $0.09 during mid-day trading on Friday, reaching $1.91. 124,016 shares of the company’s stock traded hands, compared to its average volume of 47,423. The business’s 50-day moving average price is $1.80 and its 200-day moving average price is $1.99. Envirotech Vehicles has a 12 month low of $0.92 and a 12 month high of $3.20.

Envirotech Vehicles (NASDAQ:EVTV) last posted its earnings results on Wednesday, August 14th. The company reported ($0.05) EPS for the quarter. Envirotech Vehicles had a negative net margin of 789.14% and a negative return on equity of 63.54%. The business had revenue of $0.81 million during the quarter.

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.