Envirotech Vehicles, Inc. (NASDAQ:EVTV) Sees Significant Growth in Short Interest

Envirotech Vehicles, Inc. (NASDAQ:EVTV) saw a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 171,900 shares, an increase of 8.9% from the May 15th total of 157,900 shares. Based on an average daily volume of 23,300 shares, the short-interest ratio is presently 7.4 days. Approximately 1.2% of the shares of the stock are sold short.

Institutional Trading of Envirotech Vehicles

An institutional investor recently bought a new position in Envirotech Vehicles stock. PFG Investments LLC acquired a new stake in shares of Envirotech Vehicles, Inc. (NASDAQ:EVTV) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,500 shares of the company’s stock, valued at approximately $63,000. PFG Investments LLC owned 0.15% of Envirotech Vehicles at the end of the most recent quarter. 5.65% of the stock is owned by institutional investors and hedge funds.

Envirotech Vehicles Stock Performance

Shares of EVTV stock opened at $1.73 on Wednesday. Envirotech Vehicles has a twelve month low of $0.92 and a twelve month high of $3.37. The stock’s fifty day simple moving average is $1.89 and its 200 day simple moving average is $1.92.

Envirotech Vehicles (NASDAQ:EVTV) last announced its earnings results on Monday, May 20th. The company reported ($0.19) EPS for the quarter. The company had revenue of $0.81 million for the quarter. Envirotech Vehicles had a negative return on equity of 58.43% and a negative net margin of 474.39%.

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.