2 weeks Ago By ABMN Staff
Electrovaya Inc. ( NASDAQ:ELVA – Get Free Report ) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 66,600 shares, a growth of 6.
1% from the August 31st total of 62,800 shares. Based on an average trading volume of 28,200 shares, the days-to-cover ratio is presently 2.4 days.
Approximately 0.3% of the shares of the stock are sold short. Electrovaya Price Performance Shares of NASDAQ ELVA traded down $0.
05 during trading hours on Tuesday, reaching $2.28. 15,175 shares of the stock traded hands, compared to its average volume of 35,166.
The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.54 and a current ratio of 0.
99. Electrovaya has a 52-week low of $1.67 and a 52-week high of $4.
58. The company’s 50-day simple moving average is $2.17 and its two-hundred day simple moving average is $2.
73. Electrovaya ( NASDAQ:ELVA – Get Free Report ) last announced its quarterly earnings data on Tuesday, August 13th. The company reported ($0.
01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.06).
The firm had revenue of $10.27 million for the quarter, compared to analysts’ expectations of $17.84 million.
Electrovaya had a negative net margin of 1.34% and a negative return on equity of 8.02%.
Equities analysts predict that Electrovaya will post -0.05 EPS for the current fiscal year. Wall Street Analyst Weigh In Check Out Our Latest Analysis on ELVA Electrovaya Company Profile ( Get Free Report ) Electrovaya Inc engages in the design, development, manufacture, and sale of lithium-ion batteries, battery management systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications in North America.
It offers lithium-ion batteries and systems for materials handling electric vehicles, including forklifts and automated guided vehicles, as well 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 power solutions, such as competencies in building systems for third parties. Read More Receive News & Ratings for Electrovaya Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electrovaya and related companies with MarketBeat.com's FREE daily email newsletter .
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