NeoVolta Inc. (NASDAQ:NEOV) Sees Large Decline in Short Interest

NeoVolta Inc. (NASDAQ:NEOV) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totalling 245,000 shares, a decline of 13.1% from the May 31st total of 281,800 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average daily volume of 174,800 shares, the days-to-cover ratio is currently 1.4 days.

NeoVolta Stock Performance

NeoVolta stock opened at $2.64 on Friday. The stock has a market cap of $87.75 million, a PE ratio of -44.00 and a beta of -2.09. NeoVolta has a one year low of $0.63 and a one year high of $3.58. The stock has a fifty day moving average of $2.61 and a 200 day moving average of $1.88.

NeoVolta (NASDAQ:NEOV) last posted its quarterly earnings data on Friday, May 10th. The company reported ($0.02) EPS for the quarter. The firm had revenue of $0.28 million for the quarter. NeoVolta had a negative net margin of 68.01% and a negative return on equity of 32.41%.

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.