Evolv Technologies Holdings, Inc. (NASDAQ:EVLVW) Sees Significant Drop in Short Interest

Evolv Technologies Holdings, Inc. (NASDAQ:EVLVW) saw a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 19,363 shares, a decrease of 27.1% from the February 26th total of 26,556 shares. Based on an average daily volume of 69,682 shares, the short-interest ratio is currently 0.3 days.

Evolv Technologies Stock Performance

Shares of NASDAQ:EVLVW traded down $0.01 during midday trading on Friday, reaching $0.11. The company’s stock had a trading volume of 30,864 shares, compared to its average volume of 57,829. The business’s fifty day simple moving average is $0.12 and its 200-day simple moving average is $0.36. Evolv Technologies has a fifty-two week low of $0.05 and a fifty-two week high of $1.08.

About Evolv Technologies

Evolv Technologies Holdings, Inc (NASDAQ: EVLVW) is a security technology company specializing in contactless weapons detection systems designed to enhance safety and streamline entry processes at high-traffic venues. The company’s solutions combine advanced sensor fusion with artificial intelligence to accurately detect concealed threats such as firearms and knives without requiring physical pat-downs or the removal of personal belongings. By delivering a low-friction screening experience, Evolv aims to balance robust security protocols with a positive visitor experience.

The company’s flagship product, Evolv Edge, utilizes millimeter-wave radar and computer vision to identify potential threats within milliseconds as individuals walk through screening portals.