Electrovaya Inc. (NASDAQ:ELVA) Short Interest Update

Electrovaya Inc. (NASDAQ:ELVA) was the target of a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 334,380 shares, a decrease of 24.6% from the January 15th total of 443,463 shares. Based on an average daily trading volume, of 937,767 shares, the short-interest ratio is presently 0.4 days. Approximately 0.7% of the company’s shares are short sold. Approximately 0.7% of the company’s shares are short sold. Based on an average daily trading volume, of 937,767 shares, the short-interest ratio is presently 0.4 days.

Key Stories Impacting Electrovaya

Here are the key news stories impacting Electrovaya this week:

• Positive Sentiment: EPS beat — Electrovaya reported $0.02 EPS vs. the $0.01 consensus, showing an improvement from a loss a year ago which supports near-term profitability expectations. Electrovaya Inc. (ELVA) Q1 Earnings Surpass Estimates
• Positive Sentiment: Cash flow and margin improvements reported — adjusted EBITDA and operating cash flow rose materially, and cash on hand increased meaningfully, improving the company’s liquidity profile. Electrovaya Reports Fiscal Year Q1 2026 Results
• Neutral Sentiment: Strategic progress highlighted — management described product development (including ultra‑high‑rate charging cell/system work) and other strategic initiatives on the earnings call; these are longer‑term positives but uncertain in near term. Electrovaya Inc (ELVA) Q1 2026 Earnings Call Highlights: Robust Revenue Growth and Strategic …
• Neutral Sentiment: Earnings transcript available — provides detail on margin drivers, capex and product roadmap for investors who want to parse management’s tone and forward commentary. Electrovaya (ELVA) Q1 2026 Earnings Transcript
• Negative Sentiment: Revenue missed analyst expectations — Q1 revenue (~$15.5M) came in below the consensus (~$16.7M), a key reason for the negative market reaction despite the EPS beat. Electrovaya quarterly earnings data
• Negative Sentiment: FY2026 revenue guidance reaffirmed but sits below consensus — management reiterated guidance of ~$83M in revenue, versus analysts’ ~$84.5M, leaving room for disappointment versus Street expectations. Electrovaya Reports Fiscal Year Q1 2026 Results
• Negative Sentiment: Mixed profitability and balance‑sheet signals — some third‑party summaries highlight declines in certain profitability metrics and rising liabilities/capex, which likely amplified investor caution. Electrovaya Inc. (ELVA) Stock Falls on Q1 2026 Earnings

Electrovaya Stock Performance

NASDAQ ELVA traded down $1.00 on Friday, hitting $7.75. 1,207,835 shares of the stock were exchanged, compared to its average volume of 773,347. The company has a market capitalization of $371.72 million, a PE ratio of 64.59 and a beta of 1.36. The company has a debt-to-equity ratio of 0.71, a current ratio of 4.16 and a quick ratio of 2.93. The business’s fifty day moving average is $8.58 and its 200 day moving average is $6.69. Electrovaya has a 52 week low of $1.80 and a 52 week high of $11.88.

Electrovaya (NASDAQ:ELVA) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. The business had revenue of $15.50 million during the quarter, compared to analysts’ expectations of $16.71 million. Electrovaya had a return on equity of 19.39% and a net margin of 7.07%. Research analysts anticipate that Electrovaya will post 0.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Electrovaya

A number of large investors have recently added to or reduced their stakes in ELVA. Thompson Siegel & Walmsley LLC bought a new position in Electrovaya during the fourth quarter worth $4,976,000. Caldwell Investment Management Ltd. acquired a new stake in shares of Electrovaya during the 3rd quarter worth about $2,424,000. Bank of America Corp DE boosted its holdings in shares of Electrovaya by 76,081.0% during the 3rd quarter. Bank of America Corp DE now owns 304,724 shares of the company’s stock worth $1,795,000 after buying an additional 304,324 shares during the period. Hillsdale Investment Management Inc. acquired a new position in Electrovaya in the 3rd quarter valued at about $1,677,000. Finally, Conestoga Capital Advisors LLC bought a new position in Electrovaya in the 4th quarter valued at about $2,080,000. Institutional investors own 22.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Oppenheimer assumed coverage on Electrovaya in a report on Thursday, December 18th. They set an “outperform” rating and a $14.00 target price on the stock. Roth Mkm reiterated a “buy” rating and set a $10.00 target price on shares of Electrovaya in a report on Friday. Raymond James Financial reissued a “strong-buy” rating and issued a $9.50 price objective on shares of Electrovaya in a research report on Thursday, December 11th. Zacks Research upgraded shares of Electrovaya from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Electrovaya in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $11.17.

Electrovaya Company Profile

Electrovaya is a Canada-based energy storage company that designs and manufactures advanced lithium-ion battery systems and components. The company’s core business revolves around the development of proprietary electrode and cell technologies that deliver high energy density, rapid charge capability and enhanced safety features. Electrovaya’s product portfolio encompasses large-format battery cells, modules, complete battery packs and integrated energy storage systems tailored to industrial, commercial and utility-scale applications.

In the industrial sector, Electrovaya supplies modular battery systems for material-handling equipment such as electric forklifts, automated guided vehicles and airport ground support vehicles.