Short Interest in EVgo, Inc. (NASDAQ:EVGOW) Rises By 727.3%

EVgo, Inc. (NASDAQ:EVGOW) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 9,100 shares, an increase of 727.3% from the December 31st total of 1,100 shares. Based on an average daily trading volume, of 127,100 shares, the days-to-cover ratio is currently 0.1 days.

EVgo Stock Up 3.0 %

NASDAQ:EVGOW opened at $0.34 on Wednesday. EVgo has a twelve month low of $0.12 and a twelve month high of $1.99. The stock’s 50-day simple moving average is $0.72 and its 200 day simple moving average is $0.69.

Institutional Investors Weigh In On EVgo

A hedge fund recently raised its stake in EVgo stock. Wolverine Asset Management LLC boosted its holdings in EVgo, Inc. (NASDAQ:EVGOW) by 37.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (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 at the end of the most recent reporting period.

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.