NeoVolta Inc. (NASDAQ:NEOV) Short Interest Update

NeoVolta Inc. (NASDAQ:NEOV) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 539,200 shares, a decline of 21.1% from the September 30th total of 683,300 shares. Currently, 1.9% of the shares of the company are sold short. Based on an average trading volume of 125,100 shares, the days-to-cover ratio is presently 4.3 days.

NeoVolta Price Performance

NEOV stock traded up $0.17 on Tuesday, reaching $3.25. The company’s stock had a trading volume of 48,090 shares, compared to its average volume of 120,889. NeoVolta has a 52 week low of $0.63 and a 52 week high of $3.87. The company has a market capitalization of $108.06 million, a P/E ratio of -43.99 and a beta of -2.03. The firm has a fifty day moving average of $3.04 and a two-hundred day moving average of $2.73.

NeoVolta (NASDAQ:NEOV) last released its quarterly earnings results on Friday, September 27th. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.02). NeoVolta had a negative return on equity of 42.81% and a negative net margin of 87.11%. The company had revenue of $0.58 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Maxim Group increased their price objective on shares of NeoVolta from $4.25 to $4.75 and gave the stock a “buy” rating in a report on Tuesday, October 1st.

About NeoVolta

NeoVolta Inc designs, manufactures, and sells energy storage systems in the United States. It provides NV14, NV14-K, and NV 24 energy storage systems, which stores and uses energy through batteries and an inverter at residential or commercial sites. The company markets and sells its products directly to certified solar installers and solar equipment distributors.