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

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

Envirotech Vehicles Stock Performance

Shares of NASDAQ:EVTV traded down $0.24 during trading on Tuesday, reaching $2.38. The company had a trading volume of 4,114,420 shares, compared to its average volume of 82,341,632. The firm’s fifty day moving average is $1.33 and its 200 day moving average is $1.66. The firm has a market capitalization of $8.40 million, a PE ratio of -0.21 and a beta of 0.61. Envirotech Vehicles has a twelve month low of $0.33 and a twelve month high of $8.10.

Analysts Set New Price Targets

Several research analysts have commented on EVTV shares. Wall Street Zen upgraded shares of Envirotech Vehicles to a “sell” rating in a research report on Saturday, October 11th. Weiss Ratings reissued a “sell (e+)” rating on shares of Envirotech Vehicles in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Envirotech Vehicles presently has an average rating of “Sell”.

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.