Envirotech Vehicles, Inc. (NASDAQ:EVTV) Short Interest Up 6,700.1% in January

Envirotech Vehicles, Inc. (NASDAQ:EVTV) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 2,949,140 shares, a growth of 6,700.1% from the December 31st total of 43,369 shares. Based on an average daily volume of 150,240,662 shares, the days-to-cover ratio is currently 0.0 days. Approximately 101.6% of the shares of the company are short sold. Approximately 101.6% of the shares of the company are short sold. Based on an average daily volume of 150,240,662 shares, the days-to-cover ratio is currently 0.0 days.

Envirotech Vehicles Stock Performance

Shares of EVTV opened at $2.38 on Wednesday. Envirotech Vehicles has a 1 year low of $0.33 and a 1 year high of $8.10. The company has a market cap of $8.40 million, a price-to-earnings ratio of -0.21 and a beta of 0.61. The firm has a fifty day moving average of $1.33 and a 200-day moving average of $1.66.

Analyst Ratings Changes

A number of brokerages have weighed in on EVTV. Wall Street Zen raised shares of Envirotech Vehicles to a “sell” rating in a report on Saturday, October 11th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Envirotech Vehicles in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Envirotech Vehicles has an average rating of “Sell”.

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. The company also offers vehicle maintenance and safety inspection services. It serves commercial and last-mile fleets, school districts, public and private transportation service companies, and colleges and universities.