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

Envirotech Vehicles, Inc. (NASDAQ:EVTV) was the target of a significant drop in short interest in 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. Approximately 2.3% of the shares of the stock are short sold. Based on an average trading volume of 69,900 shares, the days-to-cover ratio is presently 4.5 days.

Envirotech Vehicles Stock Down 1.7 %

Shares of NASDAQ EVTV traded down $0.03 during midday trading on Thursday, hitting $1.76. The stock had a trading volume of 4,684 shares, compared to its average volume of 43,417. The company has a market capitalization of $27.62 million, a PE ratio of -1.85 and a beta of 2.76. The stock has a 50 day simple moving average of $1.87 and a 200-day simple moving average of $1.82. Envirotech Vehicles has a 1 year low of $0.92 and a 1 year high of $3.20.

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

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.