Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Short Interest Update

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) was the target of a large increase in short interest in December. As of December 31st, there was short interest totaling 10,990,045 shares, an increase of 51.8% from the December 15th total of 7,238,645 shares. Based on an average daily trading volume, of 3,316,466 shares, the short-interest ratio is currently 3.3 days. Approximately 7.1% of the company’s stock are sold short. Approximately 7.1% of the company’s stock are sold short. Based on an average daily trading volume, of 3,316,466 shares, the short-interest ratio is currently 3.3 days.

Wall Street Analysts Forecast Growth

EVLV has been the subject of several analyst reports. Lake Street Capital upped their price objective on Evolv Technologies from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Friday, November 14th. Zacks Research upgraded Evolv Technologies from a “strong sell” rating to a “hold” rating in a research note on Friday, October 17th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Evolv Technologies in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.13.

Insider Activity at Evolv Technologies

In related news, Director Richard A. Shapiro acquired 30,000 shares of the firm’s stock in a transaction on Thursday, November 20th. The stock was bought at an average price of $6.00 per share, for a total transaction of $180,000.00. Following the completion of the purchase, the director directly owned 52,515 shares of the company’s stock, valued at approximately $315,090. The trade was a 133.24% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Kevin M. Charlton bought 15,000 shares of Evolv Technologies stock in a transaction dated Friday, November 21st. The stock was purchased at an average cost of $5.68 per share, with a total value of $85,200.00. Following the completion of the acquisition, the director directly owned 44,081 shares in the company, valued at approximately $250,380.08. The trade was a 51.58% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 61,300 shares of company stock valued at $363,326 in the last ninety days. Insiders own 11.30% of the company’s stock.

Institutional Trading of Evolv Technologies

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Evolv Technologies by 17.1% in the third quarter. Vanguard Group Inc. now owns 11,981,998 shares of the company’s stock valued at $90,464,000 after buying an additional 1,750,073 shares in the last quarter. Millennium Management LLC increased its stake in Evolv Technologies by 194.6% in the 3rd quarter. Millennium Management LLC now owns 4,187,604 shares of the company’s stock valued at $31,616,000 after purchasing an additional 2,766,335 shares in the last quarter. Marshall Wace LLP raised its holdings in Evolv Technologies by 74.4% during the second quarter. Marshall Wace LLP now owns 3,899,155 shares of the company’s stock worth $24,331,000 after purchasing an additional 1,662,797 shares during the last quarter. Key Colony Management LLC boosted its position in Evolv Technologies by 5.5% during the third quarter. Key Colony Management LLC now owns 3,275,095 shares of the company’s stock worth $24,727,000 after purchasing an additional 170,095 shares in the last quarter. Finally, Two Sigma Investments LP grew its holdings in Evolv Technologies by 88.3% in the third quarter. Two Sigma Investments LP now owns 2,788,704 shares of the company’s stock valued at $21,055,000 after purchasing an additional 1,307,955 shares during the last quarter. Hedge funds and other institutional investors own 66.65% of the company’s stock.

Evolv Technologies Price Performance

Shares of EVLV traded down $0.14 during mid-day trading on Friday, hitting $6.24. The company’s stock had a trading volume of 2,551,411 shares, compared to its average volume of 2,405,250. The company has a current ratio of 1.27, a quick ratio of 1.20 and a debt-to-equity ratio of 0.28. Evolv Technologies has a 1-year low of $2.64 and a 1-year high of $8.91. The firm has a market capitalization of $1.09 billion, a P/E ratio of -16.86 and a beta of 1.85. The firm has a 50-day simple moving average of $6.66 and a 200 day simple moving average of $7.17.

Evolv Technologies (NASDAQ:EVLV) last announced its quarterly earnings data on Thursday, November 13th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.06. Evolv Technologies had a negative return on equity of 55.11% and a negative net margin of 43.76%.The firm had revenue of $42.85 million for the quarter, compared to analyst estimates of $33.73 million. Analysts predict that Evolv Technologies will post -0.27 EPS for the current fiscal year.

About Evolv Technologies

Evolv Technologies, Inc is a publicly traded American security technology company that develops and markets AI-driven weapons detection and screening solutions. The company’s proprietary platform combines advanced sensors, computer vision software and machine learning algorithms to identify potential threats—such as firearms and knives—while minimizing false positives and preserving high throughput. Evolv’s systems are designed to replace or supplement traditional metal detectors and manual bag checks in high-traffic venues.

The company’s flagship product, Evolv Express, integrates seamlessly into existing security checkpoints, allowing guests to pass through without stopping or emptying their pockets.