EVgo, Inc. (NASDAQ:EVGOW) Sees Large Decrease in Short Interest

EVgo, Inc. (NASDAQ:EVGOW) was the recipient of a significant drop in short interest in March. As of March 15th, there was short interest totalling 1,700 shares, a drop of 88.5% from the February 28th total of 14,800 shares. Based on an average daily trading volume, of 60,400 shares, the days-to-cover ratio is presently 0.0 days.

EVgo Stock Up 6.4 %

Shares of NASDAQ EVGOW traded up $0.02 during trading on Thursday, hitting $0.26. 225 shares of the company were exchanged, compared to its average volume of 72,746. EVgo has a 12-month low of $0.12 and a 12-month high of $1.99. The company has a fifty day moving average price of $0.30 and a 200-day moving average price of $0.68.

Hedge Funds Weigh In On EVgo

A number of institutional investors have recently bought and sold shares of the company. Boothbay Fund Management LLC acquired a new stake in shares of EVgo during the 4th quarter worth approximately $84,000. Aristeia Capital L.L.C. purchased a new position in EVgo in the fourth quarter worth approximately $317,000. Finally, LMR Partners LLP increased its stake in EVgo by 16.6% during the fourth 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 during the last quarter.

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.