Electrovaya Inc. (OTCMKTS:EFLVF – Get Rating) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 406,700 shares, a decrease of 11.5% from the March 15th total of 459,500 shares. Based on an average trading volume of 140,800 shares, the days-to-cover ratio is presently 2.9 days.
Electrovaya Price Performance
EFLVF traded up $0.00 during midday trading on Wednesday, reaching $0.78. 3,985 shares of the company were exchanged, compared to its average volume of 76,742. Electrovaya has a one year low of $0.40 and a one year high of $1.01. The stock's 50-day simple moving average is $0.80 and its 200 day simple moving average is $0.80.
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Separately, Craig Hallum initiated coverage on Electrovaya in a research report on Friday, March 17th. They issued a "buy" rating for the company.
About Electrovaya
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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.
Further Reading
- Get a free copy of the StockNews.com research report on Electrovaya (EFLVF)
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