Envirotech Vehicles, Inc. (NASDAQ:EVTV) Short Interest Up 6,700.1% in January

Envirotech Vehicles, Inc. (NASDAQ:EVTV) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 2,949,140 shares, an increase of 6,700.1% from the December 31st total of 43,369 shares. Based on an average daily volume of 150,240,662 shares, the short-interest ratio is presently 0.0 days. Approximately 101.6% of the company’s shares are sold short. Approximately 101.6% of the company’s shares are sold short. Based on an average daily volume of 150,240,662 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Weiss Ratings restated a “sell (e+)” rating on shares of Envirotech Vehicles in a report on Thursday, January 22nd. Wall Street Zen upgraded shares of Envirotech Vehicles to a “sell” rating in a research report on Saturday, October 11th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Envirotech Vehicles Trading Down 2.1%

NASDAQ:EVTV opened at $2.33 on Thursday. Envirotech Vehicles has a 1 year low of $0.33 and a 1 year high of $8.10. The stock has a 50-day moving average price of $1.36 and a two-hundred day moving average price of $1.66. The stock has a market cap of $8.22 million, a price-to-earnings ratio of -0.20 and a beta of 0.61.

Envirotech Vehicles Company Profile

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.