Envirotech Vehicles, Inc. (NASDAQ:EVTV) Short Interest Down 69.4% in January

Envirotech Vehicles, Inc. (NASDAQ:EVTV) was the target of a significant drop in short interest in January. As of January 30th, there was short interest totaling 901,204 shares, a drop of 69.4% from the January 15th total of 2,949,140 shares. Currently, 31.1% of the shares of the stock are sold short. Based on an average daily volume of 13,226,272 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 13,226,272 shares, the short-interest ratio is presently 0.1 days. Currently, 31.1% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

A number of brokerages have commented on EVTV. Wall Street Zen lowered Envirotech Vehicles to a “strong sell” rating in a research report on Saturday, February 7th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Envirotech Vehicles in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Envirotech Vehicles Stock Performance

NASDAQ EVTV remained flat at $2.16 on Thursday. The company had a trading volume of 875,550 shares, compared to its average volume of 10,057,329. Envirotech Vehicles has a fifty-two week low of $0.33 and a fifty-two week high of $5.07. The company has a 50 day moving average of $1.57 and a 200 day moving average of $1.68.

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. The company also offers vehicle maintenance and safety inspection services. It serves commercial and last-mile fleets, school districts, public and private transportation service companies, and colleges and universities.