NeoVolta Inc. (NASDAQ:NEOV) Short Interest Up 77.0% in April

NeoVolta Inc. (NASDAQ:NEOV) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 168,700 shares, a growth of 77.0% from the March 31st total of 95,300 shares. Based on an average daily volume of 110,300 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.6% of the company’s stock are sold short.

NeoVolta Price Performance

NASDAQ:NEOV opened at $2.08 on Monday. The business’s 50-day moving average is $1.43 and its two-hundred day moving average is $1.66. NeoVolta has a 12 month low of $0.63 and a 12 month high of $4.40. The firm has a market capitalization of $69.14 million, a PE ratio of -34.58 and a beta of -1.24.

NeoVolta (NASDAQ:NEOV) last released its quarterly earnings data on Friday, February 9th. The company reported ($0.02) EPS for the quarter. NeoVolta had a negative net margin of 61.89% and a negative return on equity of 31.11%. The company had revenue of $1.02 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in NeoVolta stock. BIP Wealth LLC bought a new stake in shares of NeoVolta Inc. (NASDAQ:NEOV) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 200,214 shares of the company’s stock, valued at approximately $499,000. BIP Wealth LLC owned approximately 0.60% of NeoVolta at the end of the most recent reporting period. Hedge funds and other institutional investors own 5.11% of the company’s stock.

About NeoVolta

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.