EVgo, Inc. (NASDAQ:EVGOW) Short Interest Update

EVgo, Inc. (NASDAQ:EVGOW) was the target of a significant drop in short interest in February. As of February 15th, there was short interest totalling 16,500 shares, a drop of 29.5% from the January 31st total of 23,400 shares. Based on an average daily trading volume, of 84,200 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On EVgo

A number of hedge funds have recently bought and sold shares of the business. Wolverine Asset Management LLC grew its stake in EVgo by 37.6% during the 3rd quarter. Wolverine Asset Management LLC now owns 88,242 shares of the company’s stock valued at $28,000 after purchasing an additional 24,091 shares in the last quarter. Boothbay Fund Management LLC acquired a new position in shares of EVgo in the 4th quarter worth approximately $84,000. LMR Partners LLP grew its position in shares of EVgo by 16.6% in the 4th quarter. LMR Partners LLP now owns 2,819,066 shares of the company’s stock worth $1,506,000 after acquiring an additional 402,331 shares in the last quarter. Finally, Aristeia Capital L.L.C. acquired a new position in shares of EVgo in the 4th quarter worth approximately $317,000.

EVgo Price Performance

Shares of EVGOW stock traded down $0.02 during trading hours on Tuesday, reaching $0.27. The company had a trading volume of 49,119 shares, compared to its average volume of 67,176. EVgo has a twelve month low of $0.12 and a twelve month high of $1.99. The stock’s fifty day simple moving average is $0.40 and its 200 day simple moving average is $0.69.

About EVgo

EVgo, Inc owns and operates a direct current fast charging network for electric vehicles (EVs) in the United States. The company offers electricity directly to drivers, who access its publicly available networked chargers; original equipment manufacturer charging and related services; fleet and rideshare public charging services; and charging as a service and fleet dedicated charging services.