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

Evolv Technologies Holdings, Inc. (NASDAQ:EVLVW – Get Rating) was the target of a large decrease in short interest in February. As of February 28th, there was short interest totalling 26,400 shares, a decrease of 5.0% from the February 13th total of 27,800 shares. Based on an average daily volume of 10,700 shares, the days-to-cover ratio is presently 2.5 days.

Insiders Place Their Bets

In other news, Director Kevin M. Charlton bought 8,000 shares of the stock in a transaction on Wednesday, March 8th. The shares were acquired at an average cost of $3.13 per share, for a total transaction of $25,040.00. Following the purchase, the director now directly owns 246,919 shares of the company’s stock, valued at approximately $772,856.47. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Anil Chitkara sold 50,000 shares of the stock in a transaction on Friday, January 27th. The shares were sold at an average price of $3.00, for a total value of $150,000.00. Following the transaction, the insider now owns 1,097,972 shares of the company’s stock, valued at approximately $3,293,916. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kevin M. Charlton purchased 8,000 shares of the firm’s stock in a transaction dated Wednesday, March 8th. The stock was bought at an average cost of $3.13 per share, for a total transaction of $25,040.00. Following the acquisition, the director now directly owns 246,919 shares in the company, valued at $772,856.47. The disclosure for this purchase can be found here. Insiders have sold 56,808 shares of company stock worth $166,919 in the last three months.

Hedge Funds Weigh In On Evolv Technologies

An institutional investor recently raised its position in Evolv Technologies stock. CSS LLC IL boosted its position in Evolv Technologies Holdings, Inc. (NASDAQ:EVLVW – Get Rating) by 4,868.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 516,961 shares of the company’s stock after acquiring an additional 506,556 shares during the period. CSS LLC IL’s holdings in Evolv Technologies were worth $221,000 at the end of the most recent reporting period.

Evolv Technologies Stock Performance

EVLVW stock opened at $0.41 on Thursday. Evolv Technologies has a 52 week low of $0.15 and a 52 week high of $0.89. The firm’s fifty day simple moving average is $0.45.

Evolv Technologies Company Profile

(Get Rating)

Evolv Technologies Holdings, Inc provides artificial intelligence (AI)-based touchless security screening systems. Its products include Evolv Express, a touchless security screening system designed to detect firearms, improvised explosive devices, and tactical knives as visitors walk through at a normal pace; Evolv Insights that provides self-serve access, insights regarding visitor flow and arrival curves, location specific performance, system detection performance, and alarm statistics; and Evolv Edge to detect non-metallic explosive devices, explosive devices, firearms, and tactical knives without requiring visitors to divest or empty their pockets.