EVgo, Inc. (NASDAQ:EVGOW) Sees Significant Decline in Short Interest

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

Institutional Investors Weigh In On EVgo

Large investors have recently modified their holdings of the company. Wolverine Asset Management LLC boosted its holdings in shares of EVgo by 37.6% in the third quarter. Wolverine Asset Management LLC now owns 88,242 shares of the company’s stock valued at $28,000 after acquiring an additional 24,091 shares during the period. LMR Partners LLP boosted its holdings in shares of EVgo by 16.6% in the fourth quarter. LMR Partners LLP now owns 2,819,066 shares of the company’s stock valued at $1,506,000 after acquiring an additional 402,331 shares during the period. Boothbay Fund Management LLC acquired a new stake in shares of EVgo in the fourth quarter valued at approximately $84,000. Finally, Aristeia Capital L.L.C. acquired a new stake in shares of EVgo in the fourth quarter valued at approximately $317,000.

EVgo Stock Performance

EVgo stock traded down $0.01 during mid-day trading on Wednesday, hitting $0.27. The company had a trading volume of 16,088 shares, compared to its average volume of 65,959. EVgo has a 1 year low of $0.12 and a 1 year high of $1.99. The business has a fifty day moving average of $0.39 and a 200 day moving average of $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.