Envirotech Vehicles, Inc. (NASDAQ:EVTV) Short Interest Update

Envirotech Vehicles, Inc. (NASDAQ:EVTV) saw a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 839,188 shares, a decrease of 35.8% from the February 26th total of 1,307,126 shares. Approximately 28.9% of the shares of the company are sold short. Based on an average daily volume of 431,466 shares, the short-interest ratio is presently 1.9 days.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Wall Street Zen downgraded shares of Envirotech Vehicles to a “strong sell” rating in a research report on Saturday, February 7th. Weiss Ratings reissued a “sell (e+)” rating on shares of Envirotech Vehicles in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Envirotech Vehicles has a consensus rating of “Sell”.

Envirotech Vehicles Price Performance

Shares of NASDAQ:EVTV opened at $1.63 on Monday. The firm’s 50 day moving average price is $1.93 and its 200-day moving average price is $1.58. Envirotech Vehicles has a twelve month low of $0.33 and a twelve month high of $5.07. The stock has a market capitalization of $5.75 million, a PE ratio of -0.14 and a beta of 0.77.

About Envirotech Vehicles

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.