Envirotech Vehicles, Inc. (NASDAQ:EVTV) Short Interest Up 15.5% in March

Envirotech Vehicles, Inc. (NASDAQ:EVTV) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 198,100 shares, a growth of 15.5% from the March 15th total of 171,500 shares. Based on an average daily volume of 42,100 shares, the short-interest ratio is presently 4.7 days. Approximately 1.7% of the company’s shares are short sold.

Envirotech Vehicles Stock Down 1.3 %

NASDAQ:EVTV traded down $0.03 on Tuesday, reaching $2.27. 6,360 shares of the company’s stock were exchanged, compared to its average volume of 38,490. The firm has a market capitalization of $35.23 million, a price-to-earnings ratio of -0.68 and a beta of 2.76. The business has a fifty day moving average of $2.54 and a 200-day moving average of $1.79. Envirotech Vehicles has a 52-week low of $0.92 and a 52-week high of $3.37.

Institutional Trading of Envirotech Vehicles

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Susquehanna International Group LLP increased its stake in shares of Envirotech Vehicles by 91.5% during the first quarter. Susquehanna International Group LLP now owns 20,372 shares of the company’s stock worth $63,000 after buying an additional 9,734 shares during the period. Royal Bank of Canada purchased a new stake in shares of Envirotech Vehicles during the third quarter worth approximately $103,000. BlackRock Inc. increased its stake in shares of Envirotech Vehicles by 17.3% during the second quarter. BlackRock Inc. now owns 157,294 shares of the company’s stock worth $330,000 after buying an additional 23,176 shares during the period. Finally, Vanguard Group Inc. purchased a new stake in shares of Envirotech Vehicles during the third quarter worth approximately $2,078,000. 5.65% of the stock is currently owned by hedge funds and other institutional investors.

Envirotech Vehicles Company Profile

Envirotech Vehicles, Inc provides zero-emission electric vehicles in the United States. The company also offers vehicle maintenance and inspection services. It serves commercial and last-mile fleets, school districts, public and private transportation service companies, and colleges and universities.