Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Sees Large Increase in Short Interest

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) was the target of a large growth in short interest in December. As of December 31st, there was short interest totaling 10,990,045 shares, a growth of 51.8% from the December 15th total of 7,238,645 shares. Based on an average daily trading volume, of 3,316,466 shares, the short-interest ratio is presently 3.3 days. Approximately 7.1% of the shares of the stock are sold short. Approximately 7.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,316,466 shares, the short-interest ratio is presently 3.3 days.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on EVLV. Lake Street Capital raised their price objective on Evolv Technologies from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Friday, November 14th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Evolv Technologies in a research note on Wednesday, October 8th. Finally, Zacks Research raised shares of Evolv Technologies from a “strong sell” rating to a “hold” rating in a research note on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Evolv Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.13.

Evolv Technologies Trading Down 2.2%

Shares of EVLV stock traded down $0.14 during trading hours on Friday, reaching $6.24. 2,551,411 shares of the stock were exchanged, compared to its average volume of 2,405,250. The company has a current ratio of 1.27, a quick ratio of 1.20 and a debt-to-equity ratio of 0.28. Evolv Technologies has a 12-month low of $2.64 and a 12-month high of $8.91. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of -16.86 and a beta of 1.85. The company’s 50-day moving average price is $6.66 and its 200-day moving average price is $7.17.

Evolv Technologies (NASDAQ:EVLV) last released its earnings results on Thursday, November 13th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.06. Evolv Technologies had a negative return on equity of 55.11% and a negative net margin of 43.76%.The firm had revenue of $42.85 million for the quarter, compared to analysts’ expectations of $33.73 million. As a group, equities analysts anticipate that Evolv Technologies will post -0.27 earnings per share for the current year.

Insider Buying and Selling

In other Evolv Technologies news, Director Richard A. Shapiro bought 16,300 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The shares were bought at an average price of $6.02 per share, with a total value of $98,126.00. Following the purchase, the director owned 22,500 shares of the company’s stock, valued at $135,450. This trade represents a 262.90% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kevin M. Charlton purchased 15,000 shares of the company’s stock in a transaction on Friday, November 21st. The stock was acquired at an average price of $5.68 per share, with a total value of $85,200.00. Following the completion of the purchase, the director directly owned 44,081 shares in the company, valued at $250,380.08. This trade represents a 51.58% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders acquired 61,300 shares of company stock worth $363,326. 11.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Evolv Technologies

A number of institutional investors have recently added to or reduced their stakes in EVLV. Arizona State Retirement System boosted its stake in Evolv Technologies by 5.7% in the 3rd quarter. Arizona State Retirement System now owns 31,581 shares of the company’s stock worth $238,000 after purchasing an additional 1,694 shares in the last quarter. CW Advisors LLC grew its holdings in shares of Evolv Technologies by 19.0% during the second quarter. CW Advisors LLC now owns 12,614 shares of the company’s stock valued at $79,000 after buying an additional 2,014 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Evolv Technologies by 16.5% in the 3rd quarter. Victory Capital Management Inc. now owns 15,601 shares of the company’s stock valued at $118,000 after acquiring an additional 2,206 shares during the period. Jones Financial Companies Lllp raised its stake in Evolv Technologies by 29.1% in the 3rd quarter. Jones Financial Companies Lllp now owns 10,065 shares of the company’s stock worth $77,000 after acquiring an additional 2,266 shares during the last quarter. Finally, FNY Investment Advisers LLC raised its stake in Evolv Technologies by 48.3% in the 4th quarter. FNY Investment Advisers LLC now owns 8,897 shares of the company’s stock worth $63,000 after acquiring an additional 2,897 shares during the last quarter. Institutional investors own 66.65% of the company’s stock.

About Evolv Technologies

Evolv Technologies, Inc is a publicly traded American security technology company that develops and markets AI-driven weapons detection and screening solutions. The company’s proprietary platform combines advanced sensors, computer vision software and machine learning algorithms to identify potential threats—such as firearms and knives—while minimizing false positives and preserving high throughput. Evolv’s systems are designed to replace or supplement traditional metal detectors and manual bag checks in high-traffic venues.

The company’s flagship product, Evolv Express, integrates seamlessly into existing security checkpoints, allowing guests to pass through without stopping or emptying their pockets.