Short Interest in Evergreen Co. (NASDAQ:EVGR) Grows By 46.7%

Evergreen Co. (NASDAQ:EVGR) was the target of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 2,200 shares, a growth of 46.7% from the October 15th total of 1,500 shares. Based on an average trading volume of 11,500 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Evergreen Stock Performance

Shares of Evergreen stock remained flat at $11.75 during trading on Friday. 27 shares of the stock were exchanged, compared to its average volume of 1,602. The stock has a fifty day moving average price of $11.72 and a 200-day moving average price of $11.58. The company has a market capitalization of $94.82 million and a price-to-earnings ratio of 41.96. Evergreen has a fifty-two week low of $11.05 and a fifty-two week high of $11.79.

Evergreen (NASDAQ:EVGR) last issued its earnings results on Thursday, October 10th. The company reported $0.07 EPS for the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Quarry LP acquired a new stake in Evergreen during the 3rd quarter worth approximately $1,734,000. Westchester Capital Management LLC acquired a new stake in Evergreen during the 3rd quarter worth approximately $2,920,000. Spartan Fund Management Inc. acquired a new stake in Evergreen during the 3rd quarter worth approximately $603,000. K2 Principal Fund L.P. acquired a new stake in Evergreen during the 2nd quarter worth approximately $1,675,000. Finally, Cowen AND Company LLC acquired a new stake in Evergreen during the 2nd quarter worth approximately $2,706,000. Institutional investors and hedge funds own 69.26% of the company’s stock.

About Evergreen

Evergreen Corporation is a blank check company. It intends to enter into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in Kuala Lumpur, Malaysia.