NeoVolta Inc. (NASDAQ:NEOVW) Sees Large Drop in Short Interest

NeoVolta Inc. (NASDAQ:NEOVWGet Free Report) was the target of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 1,086 shares, a drop of 37.5% from the June 15th total of 1,738 shares. Based on an average daily volume of 4,470 shares, the short-interest ratio is currently 0.2 days.

NeoVolta Trading Down 18.2%

NeoVolta stock opened at $0.80 on Friday. The stock has a 50-day simple moving average of $1.07 and a 200 day simple moving average of $1.28. NeoVolta has a 52 week low of $0.58 and a 52 week high of $3.81.

About NeoVolta

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NeoVolta, Inc (NASDAQ: NEOVW) is a cleantech company headquartered in San Diego, California, specializing in integrated power electronics and energy management solutions for residential and light commercial applications. The company designs, manufactures and distributes advanced solar inverters, modular battery storage systems and smart electric vehicle (EV) charging stations. By combining hardware with proprietary cloud-based software, NeoVolta enables customers to optimize renewable energy use, manage peak demand and enhance grid resilience.

At the heart of NeoVolta’s offering is its scalable energy storage platform, which can be paired with new or existing solar photovoltaic (PV) arrays to provide backup power, load-shifting and demand-response functionality.

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