Enviva Inc’s recent filing unveils that its 10% Owner INCLUSIVE CAPITAL PARTNERS, L. unloaded Company’s shares for reported $3.35 million on Nov 14 ’23. In the deal valued at $1.49 per share,2,250,000 shares were sold. As a result of this transaction, INCLUSIVE CAPITAL PARTNERS, L. now holds 5,348,710 shares worth roughly $2.3 million.
Then, BUMGARNER JOHN C JR bought 100,000 shares, generating $850,000 in total proceeds. Upon buying the shares at $8.50, the Director now owns 415,763 shares.
Before that, BUMGARNER JOHN C JR bought 20,000 shares. Enviva Inc shares valued at $166,600 were divested by the Director at a price of $8.33 per share. As a result of the transaction, BUMGARNER JOHN C JR now holds 315,763 shares, worth roughly $0.14 million.
Raymond James downgraded its Enviva Inc [EVA] rating to a Mkt perform from a a Strong buy in a research note published recently. Truist revised its rating on May 04, 2023. It rated EVA as “a Sell” which previously was an “a Buy”.
Price Performance Review of EVA
On Tuesday, Enviva Inc [NYSE:EVA] saw its stock jump 3.93% to $0.43. Over the last five days, the stock has gained 2.90%. Enviva Inc shares have fallen nearly -57.21% since the year began. Nevertheless, the stocks have fallen -98.30% over the past one year. While a 52-week high of $25.47 was reached on 03/06/24, a 52-week low of $0.25 was recorded on 02/14/24. SMA at 50 days reached $0.4604, while 200 days put it at $4.6444. A total of 0.93 million shares were traded, compared to the trading of 0.79 million shares in the previous session.
Levels Of Support And Resistance For EVA Stock
The 24-hour chart illustrates a support level at 0.4090, which if violated will result in even more drops to 0.3920. On the upside, there is a resistance level at 0.4441. A further resistance level may holdings at 0.4622. The Relative Strength Index (RSI) on the 14-day chart is 47.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0071, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.57%. Stochastics %K at 40.30% indicates the stock is a holding.
How much short interest is there in Enviva Inc?
A steep rise in short interest was recorded in Enviva Inc stocks on Mar 15, 2024, growing by 0.25 million shares to a total of 8.11 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 7.86 million shares. There was a rise of 3.08%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 21.42% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.22.
