() saw a significant increase in short interest during the month of April. On April 30, there were 377,400 shorted shares. This is a 6.1% increase from the total of 355,800 on April 15. The short-interest rate is currently 6.0 days based on an average trading volume 62,800 share.
Electrovaya Price Performance
On Monday, the price remained unchanged at $0.72. The average trading volume for the stock was 68,595. The 50-day average stock price is $0.76, and the 200-day average is $0.80. Craig Hallum also initiated coverage of shares of Electrovaya on Friday, 17th March in a research report. They gave the company a rating of 'buy.'
Electrovaya, Inc. is a company that manufactures and develops lithium-ion batteries. The company designs, develops, and manufactures proprietary lithium-ion battery systems and battery-related product for energy storage, electric transportation and other specialized uses. The company's business includes lithium-ion battery systems to power MHEVs such as forklifts and Automated guided Vehicles as well as accessories like battery chargers for charging the batteries. It also offers electromotive products for electric buses, trucks and other transportation applications, industrial products for energy storage, and specialty applications that require complex power solutions.
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