Evergreen Co. (NASDAQ:EVGR – Get Free Report) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 2,600 shares, an increase of 36.8% from the December 31st total of 1,900 shares. Based on an average trading volume of 5,700 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the shares of the company are short sold.
Evergreen Stock Down 0.6 %
Shares of EVGR stock opened at $12.02 on Thursday. The business has a 50 day moving average of $11.86 and a two-hundred day moving average of $11.73. The company has a market cap of $97.00 million and a P/E ratio of 42.93. Evergreen has a 52 week low of $11.24 and a 52 week high of $12.09.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in EVGR. Spartan Fund Management Inc. acquired a new position in shares of Evergreen during the third quarter valued at $603,000. Quarry LP acquired a new stake in shares of Evergreen in the 3rd quarter worth about $1,734,000. Finally, Westchester Capital Management LLC bought a new stake in Evergreen in the 3rd quarter valued at about $2,920,000. 69.26% of the stock is currently owned by institutional investors.
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.
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