Short Interest in Envirotech Vehicles, Inc. (NASDAQ:EVTV) Expands By 15.5%

Envirotech Vehicles, Inc. (NASDAQ:EVTV) saw a large growth in short interest in 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. Approximately 1.7% of the shares of the company are short sold. Based on an average daily trading volume, of 42,100 shares, the days-to-cover ratio is currently 4.7 days.

Envirotech Vehicles Stock Down 1.3 %

NASDAQ:EVTV traded down $0.03 on Tuesday, hitting $2.27. The stock had a trading volume of 6,360 shares, compared to its average volume of 38,490. The stock has a market cap of $35.23 million, a price-to-earnings ratio of -0.68 and a beta of 2.76. The business’s 50-day simple moving average is $2.54 and its two-hundred day simple moving average is $1.79. Envirotech Vehicles has a 52-week low of $0.92 and a 52-week high of $3.37.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Susquehanna International Group LLP lifted its position in shares of Envirotech Vehicles by 91.5% during the 1st quarter. Susquehanna International Group LLP now owns 20,372 shares of the company’s stock valued at $63,000 after buying an additional 9,734 shares in the last quarter. Royal Bank of Canada purchased a new position in shares of Envirotech Vehicles during the 3rd quarter valued at about $103,000. BlackRock Inc. lifted its position in shares of Envirotech Vehicles by 17.3% during the 2nd quarter. BlackRock Inc. now owns 157,294 shares of the company’s stock valued at $330,000 after buying an additional 23,176 shares in the last quarter. Finally, Vanguard Group Inc. purchased a new position in shares of Envirotech Vehicles during the 3rd quarter valued at about $2,078,000. 5.65% of the stock is 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.