Evolv Technologies Holdings, Inc. (NASDAQ:EVLVW – Get Rating) was the recipient of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 27,800 shares, a decline of 17.3% from the January 31st total of 33,600 shares. Based on an average daily volume of 18,100 shares, the short-interest ratio is presently 1.5 days.

Insider Buying and Selling

In related news, insider Anil Chitkara sold 50,000 shares of Evolv Technologies stock in a transaction dated Friday, January 27th. The shares were sold at an average price of $3.00, for a total transaction of $150,000.00. Following the completion of the transaction, the insider now directly owns 1,097,972 shares of the company's stock, valued at approximately $3,293,916. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In the last ninety days, insiders sold 56,808 shares of company stock valued at $166,919.

Institutional Investors Weigh In On Evolv Technologies

A hedge fund recently raised its stake in Evolv Technologies stock. CSS LLC IL raised its stake in Evolv Technologies Holdings, Inc. (NASDAQ:EVLVW – Get Rating) by 4,868.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 516,961 shares of the company's stock after buying an additional 506,556 shares during the period. CSS LLC IL's holdings in Evolv Technologies were worth $221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Evolv Technologies Trading Up 389.2 %

Shares of EVLVW stock traded up $0.39 during trading hours on Monday, reaching $0.49. 15,002 shares of the stock were exchanged, compared to its average volume of 8,826. Evolv Technologies has a 12-month low of $0.15 and a 12-month high of $0.89. The stock's 50-day moving average is $0.43.

About Evolv Technologies

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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.

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