Short Interest in Envirotech Vehicles, Inc. (NASDAQ:EVTV) Decreases By 9.0%

Envirotech Vehicles, Inc. (NASDAQ:EVTVGet Free Report) was the target of a large decline in short interest in March. As of March 15th, there was short interest totalling 171,500 shares, a decline of 9.0% from the February 29th total of 188,400 shares. Based on an average daily volume of 43,000 shares, the days-to-cover ratio is presently 4.0 days. Approximately 1.6% of the company’s stock are sold short.

Envirotech Vehicles Price Performance

Envirotech Vehicles stock traded down $0.16 during midday trading on Tuesday, reaching $2.73. The company’s stock had a trading volume of 13,355 shares, compared to its average volume of 42,988. Envirotech Vehicles has a 52-week low of $0.92 and a 52-week high of $3.37. The stock has a market capitalization of $41.25 million, a P/E ratio of -0.82 and a beta of 2.76. The stock’s 50-day simple moving average is $2.37 and its 200-day simple moving average is $1.72.

Hedge Funds Weigh In On Envirotech Vehicles

Hedge funds have recently made changes to their positions in the company. Susquehanna International Group LLP grew its holdings in Envirotech Vehicles by 91.5% during the first 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 during the period. Royal Bank of Canada acquired a new position in shares of Envirotech Vehicles in the 3rd quarter valued at $103,000. BlackRock Inc. boosted its holdings in Envirotech Vehicles by 17.3% during the second quarter. BlackRock Inc. now owns 157,294 shares of the company’s stock worth $330,000 after buying an additional 23,176 shares in the last quarter. Finally, Vanguard Group Inc. acquired a new stake in Envirotech Vehicles during the third quarter valued at $2,078,000. 5.65% of the stock is owned by institutional investors and hedge funds.

About Envirotech Vehicles

(Get Free Report)

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.

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