Short Interest in Envirotech Vehicles, Inc. (NASDAQ:EVTV) Drops By 7.8%

Envirotech Vehicles, Inc. (NASDAQ:EVTV) saw a significant decline in short interest in the month of July. As of July 31st, there was short interest totalling 166,600 shares, a decline of 7.8% from the July 15th total of 180,700 shares. Currently, 1.2% of the company’s shares are short sold. Based on an average daily volume of 25,300 shares, the short-interest ratio is presently 6.6 days.

Envirotech Vehicles Stock Up 3.0 %

Shares of NASDAQ EVTV opened at $2.08 on Wednesday. Envirotech Vehicles has a 12 month low of $0.92 and a 12 month high of $3.20. The business has a fifty day simple moving average of $1.68 and a 200-day simple moving average of $2.05.

Envirotech Vehicles (NASDAQ:EVTV) last posted its quarterly earnings data on Monday, May 20th. The company reported ($0.19) EPS for the quarter. Envirotech Vehicles had a negative net margin of 474.39% and a negative return on equity of 58.43%. The firm had revenue of $0.81 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Envirotech Vehicles stock. PFG Investments LLC acquired a new position in Envirotech Vehicles, Inc. (NASDAQ:EVTV) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 23,500 shares of the company’s stock, valued at approximately $63,000. PFG Investments LLC owned 0.15% of Envirotech Vehicles as of its most recent filing with the SEC. Hedge funds and other institutional investors own 5.65% of the company’s stock.

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.