Evolv Technologies Holdings, Inc. (NASDAQ:EVLVW) Sees Significant Drop in Short Interest

Evolv Technologies Holdings, Inc. (NASDAQ:EVLVW) was the recipient of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 1,700 shares, a decline of 66.7% from the February 29th total of 5,100 shares. Based on an average daily volume of 36,900 shares, the short-interest ratio is presently 0.0 days.

Evolv Technologies Stock Performance

Shares of EVLVW traded up $0.22 during trading hours on Thursday, hitting $0.61. The stock had a trading volume of 138,059 shares, compared to its average volume of 40,685. The firm has a 50-day moving average price of $0.59 and a 200 day moving average price of $0.68. Evolv Technologies has a fifty-two week low of $0.36 and a fifty-two week high of $2.29.

Hedge Funds Weigh In On Evolv Technologies

Several large investors have recently made changes to their positions in the company. CSS LLC IL raised its position in Evolv Technologies by 193.2% during the second quarter. CSS LLC IL now owns 1,602,322 shares of the company’s stock worth $2,195,000 after acquiring an additional 1,055,810 shares during the period. Aristeia Capital LLC acquired a new position in Evolv Technologies during the second quarter worth $134,000. Finally, Walleye Capital LLC raised its position in Evolv Technologies by 3,785.7% during the second quarter. Walleye Capital LLC now owns 735,251 shares of the company’s stock worth $1,007,000 after acquiring an additional 716,329 shares during the period.

About Evolv Technologies

Evolv Technologies Holdings, Inc provides artificial intelligence (AI)-based weapons detection for security screening in the United States and internationally. Its products include Evolv Express, a touchless security screening system designed to detect firearms, improvised explosive devices, and tactical knives; and Evolv Insights that provides self-serve access, insights regarding visitor flow and arrival curves, location specific performance, system detection performance, and alarm statistics.