EVgo, Inc. (NASDAQ:EVGOW) Short Interest Down 8.0% in November

EVgo, Inc. (NASDAQ:EVGOW) was the target of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 16,200 shares, a drop of 8.0% from the October 31st total of 17,600 shares. Based on an average trading volume of 154,200 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in EVgo stock. Wolverine Asset Management LLC grew its stake in shares of EVgo, Inc. (NASDAQ:EVGOW) by 37.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 88,242 shares of the company’s stock after buying an additional 24,091 shares during the quarter. Wolverine Asset Management LLC’s holdings in EVgo were worth $28,000 as of its most recent SEC filing.

EVgo Price Performance

Shares of NASDAQ:EVGOW opened at $1.05 on Wednesday. The company’s 50 day simple moving average is $1.12 and its 200 day simple moving average is $0.56. EVgo has a 1 year low of $0.12 and a 1 year high of $1.99.

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.