Short Interest in Envirotech Vehicles, Inc. (NASDAQ:EVTV) Drops By 6.1%

Envirotech Vehicles, Inc. (NASDAQ:EVTV) was the recipient of a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 315,000 shares, a drop of 6.1% from the September 30th total of 335,600 shares. Currently, 2.3% of the shares of the company are sold short. Based on an average trading volume of 69,900 shares, the short-interest ratio is presently 4.5 days.

Envirotech Vehicles Stock Performance

Envirotech Vehicles stock traded down $0.03 during midday trading on Thursday, hitting $1.76. 4,684 shares of the company were exchanged, compared to its average volume of 43,417. The firm has a market capitalization of $27.62 million, a PE ratio of -1.85 and a beta of 2.76. Envirotech Vehicles has a fifty-two week low of $0.92 and a fifty-two week high of $3.20. The business has a fifty day simple moving average of $1.87 and a two-hundred day simple moving average of $1.82.

Envirotech Vehicles (NASDAQ:EVTV) last posted its earnings results on Wednesday, August 14th. The company reported ($0.05) EPS for the quarter. The company had revenue of $0.81 million for the quarter. Envirotech Vehicles had a negative return on equity of 63.54% and a negative net margin of 789.13%.

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.