Electrovaya Inc. (OTCMKTS:EFLVF – Get Rating) was the recipient of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 484,700 shares, a drop of 24.5% from the January 31st total of 642,400 shares. Based on an average trading volume of 331,300 shares, the days-to-cover ratio is presently 1.5 days.
Electrovaya Stock Performance
OTCMKTS:EFLVF traded up $0.03 during trading hours on Friday, reaching $0.87. 69,303 shares of the company were exchanged, compared to its average volume of 93,726. Electrovaya has a 52-week low of $0.40 and a 52-week high of $1.01. The stock has a 50 day simple moving average of $0.84 and a 200 day simple moving average of $0.81.
Get Electrovaya alerts:Wall Street Analysts Forecast Growth
Separately, Alliance Global Partners raised their target price on shares of Electrovaya from C$2.00 to C$2.50 in a research report on Wednesday, December 7th.
Electrovaya Company Profile
(Get Rating)
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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