Electrovaya Inc. (NASDAQ:ELVA) Short Interest Down 19.3% in February

2026-04-09 10:25:30

Electrovaya Inc. (NASDAQ:ELVA) experienced a significant 19.3% decrease in short interest in February, totaling 269,870 shares as of February 13th. This represents 0.6% of the company’s float with a very low short-interest ratio of 0.4 days. Despite topping EPS estimates, Electrovaya missed revenue expectations, and analysts currently have a “Moderate Buy” consensus rating with an average price target of $11.17.

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