Envision Solar International (NASDAQ:EVSI) saw a large growth in short interest in September. As of September 30th, there was short interest totalling 30,400 shares, a growth of 26.1% from the August 30th total of 24,100 shares. Approximately 0.8% of the company’s stock are sold short. Based on an average trading volume of 18,000 shares, the short-interest ratio is currently 1.7 days.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Lido Advisors LLC acquired a new position in Envision Solar International during the 2nd quarter worth approximately $529,000. Bard Associates Inc. acquired a new position in Envision Solar International during the 2nd quarter worth approximately $1,308,000. Finally, Cannell Peter B & Co. Inc. acquired a new position in Envision Solar International during the 2nd quarter worth approximately $99,000. Institutional investors own 13.06% of the company’s stock.
NASDAQ EVSI traded up $0.20 on Friday, hitting $5.70. 7,623 shares of the stock were exchanged, compared to its average volume of 15,951. The company has a quick ratio of 3.33, a current ratio of 3.98 and a debt-to-equity ratio of 0.03. Envision Solar International has a fifty-two week low of $4.52 and a fifty-two week high of $12.40. The firm has a 50-day simple moving average of $5.41.
Envision Solar International (NASDAQ:EVSI) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.21) EPS for the quarter. The business had revenue of $1.64 million for the quarter.
Several research analysts have commented on EVSI shares. Maxim Group started coverage on shares of Envision Solar International in a report on Wednesday, June 26th. They set a “buy” rating and a $9.00 price target for the company. ValuEngine cut shares of Envision Solar International from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 22nd.
Envision Solar International Company Profile
Envision Solar International, Inc, together with its subsidiary, invents, designs, engineers, manufactures, and sells solar powered products and proprietary technology solutions in the United States and internationally. The company focuses on creating renewably energized products for electric vehicle and drone charging, outdoor media and branding, and energy security.
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