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

kopsource ·  Feb 16, 2023 11:31

EVgo, Inc. (NASDAQ:EVGOW – Get Rating) was the target of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 12,800 shares, a growth of 21.9% from the January 15th total of 10,500 shares. Based on an average daily volume of 61,900 shares, the days-to-cover ratio is presently 0.2 days.

EVgo Price Performance

EVGOW stock traded up $0.13 during trading on Wednesday, hitting $0.92. 115,965 shares of the company's stock traded hands, compared to its average volume of 90,760. EVgo has a 52 week low of $0.50 and a 52 week high of $4.41. The business has a fifty day simple moving average of $0.81 and a 200 day simple moving average of $1.49.

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Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in EVGOW. HAP Trading LLC purchased a new position in EVgo in the 1st quarter worth about $275,000. Warberg Asset Management LLC purchased a new position in EVgo during the 3rd quarter valued at about $122,000. Virtu Financial LLC purchased a new position in EVgo during the 4th quarter valued at about $43,000. Privium Fund Management B.V. increased its position in EVgo by 16.1% during the 3rd quarter. Privium Fund Management B.V. now owns 428,118 shares of the company's stock valued at $771,000 after purchasing an additional 59,267 shares during the period. Finally, LMR Partners LLP increased its position in EVgo by 3.9% during the 3rd quarter. LMR Partners LLP now owns 1,234,015 shares of the company's stock valued at $9,761,000 after purchasing an additional 46,568 shares during the period.

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