Short Interest in Evergreen Co. (NASDAQ:EVGR) Drops By 96.5%

Evergreen Co. (NASDAQ:EVGR) was the recipient of a significant decrease in short interest in January. As of January 31st, there was short interest totalling 800 shares, a decrease of 96.5% from the January 15th total of 22,600 shares. Based on an average daily trading volume, of 10,700 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Investors Weigh In On Evergreen

A number of institutional investors have recently modified their holdings of EVGR. Spartan Fund Management Inc. purchased a new position in Evergreen during the third quarter worth approximately $603,000. Quarry LP acquired a new position in shares of Evergreen during the 3rd quarter worth approximately $1,734,000. Westchester Capital Management LLC purchased a new position in shares of Evergreen during the 3rd quarter valued at approximately $2,920,000. Finally, Mizuho Securities USA LLC grew its stake in Evergreen by 0.8% in the 4th quarter. Mizuho Securities USA LLC now owns 418,896 shares of the company’s stock valued at $4,943,000 after acquiring an additional 3,496 shares during the period. 69.26% of the stock is currently owned by institutional investors and hedge funds.

Evergreen Stock Performance

EVGR stock opened at $11.95 on Thursday. The firm’s fifty day moving average is $11.91 and its 200 day moving average is $11.76. The firm has a market cap of $96.44 million and a PE ratio of 42.68. Evergreen has a one year low of $11.26 and a one year high of $12.21.

Evergreen Company Profile

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.