Electrovaya Inc. (OTCMKTS:EFLVF – Get Rating) was the recipient of a significant drop in short interest in January. As of January 31st, there was short interest totalling 642,400 shares, a drop of 6.9% from the January 15th total of 689,800 shares. Based on an average daily volume of 210,400 shares, the short-interest ratio is presently 3.1 days.
Electrovaya Stock Down 1.3 %
Shares of OTCMKTS:EFLVF opened at $0.79 on Friday. The firm's 50 day simple moving average is $0.85 and its 200-day simple moving average is $0.80. Electrovaya has a one year low of $0.40 and a one year high of $1.01.
Get Electrovaya alerts:Wall Street Analysts Forecast Growth
Separately, Alliance Global Partners increased their price target on shares of Electrovaya from C$2.00 to C$2.50 in a report on Wednesday, December 7th.
Electrovaya Company Profile
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Electrovaya, Inc is a lithium-ion battery technology and manufacturing company. engages in designing, developing, and manufacturing proprietary lithium-ion batteries, battery systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications. The firm's businesses include lithium-ion batteries to power MHEVs including forklifts and Automated Guided Vehicles, as well as accessories such as battery chargers to charge the batteries; electromotive power products for electric trucks, electric buses and other transportation applications; industrial products for energy storage; and specialty applications which require complex power solutions, including competencies in building systems for third parties.
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