Short Interest in NeoVolta Inc. (NASDAQ:NEOV) Increases By 30.3%

NeoVolta Inc. (NASDAQ:NEOV - Get Free Report) was the target of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 1,420,000 shares, a growth of 30.3% from the February 13th total of 1,090,000 shares. Approximately 5.0% of the shares of the stock are sold short. Based on an average daily volume of 288,800 shares, the days-to-cover ratio is presently 4.9 days.

Institutional Trading of NeoVolta

Several hedge funds have recently bought and sold shares of NEOV. Beacon Capital Management LLC acquired a new stake in NeoVolta in the 4th quarter valued at $26,000. Barclays PLC bought a new stake in shares of NeoVolta during the 3rd quarter worth $35,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of NeoVolta during the 4th quarter worth $47,000. Balyasny Asset Management L.P. bought a new stake in shares of NeoVolta during the 4th quarter worth $90,000. Finally, Marshall Wace LLP bought a new stake in shares of NeoVolta during the 4th quarter worth $167,000. Institutional investors and hedge funds own 5.11% of the company's stock.

NeoVolta Price Performance

NEOV traded up $0.01 on Friday, hitting $2.55. 31,657 shares of the stock were exchanged, compared to its average volume of 206,139. The firm has a market capitalization of $85.08 million, a price-to-earnings ratio of -25.75 and a beta of -1.42. The company has a debt-to-equity ratio of 0.12, a current ratio of 12.03 and a quick ratio of 5.94. NeoVolta has a 12 month low of $0.85 and a 12 month high of $6.11. The business has a 50-day moving average of $3.31 and a two-hundred day moving average of $3.81.

Remove Ads

NeoVolta (NASDAQ:NEOV - Get Free Report) last announced its quarterly earnings data on Friday, February 7th. The company reported ($0.03) EPS for the quarter. NeoVolta had a negative return on equity of 76.86% and a negative net margin of 128.91%.

NeoVolta Company Profile

NeoVolta Inc designs, manufactures, and sells energy storage systems in the United States. It provides NV14, NV14-K, and NV 24 energy storage systems, which stores and uses energy through batteries and an inverter at residential or commercial sites. The company markets and sells its products directly to certified solar installers and solar equipment distributors.