EVgo, Inc. (NASDAQ:EVGOW) Short Interest Update

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

EVgo Stock Down 18.3 %

NASDAQ EVGOW traded down $0.09 on Monday, reaching $0.38. The stock had a trading volume of 199,385 shares, compared to its average volume of 81,855. EVgo has a 12-month low of $0.12 and a 12-month high of $1.99. The stock has a fifty day moving average price of $0.86 and a two-hundred day moving average price of $0.68.

Hedge Funds Weigh In On EVgo

An institutional investor recently raised its position in EVgo stock. Wolverine Asset Management LLC increased its position in shares of EVgo, Inc. (NASDAQ:EVGOW) by 37.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,242 shares of the company’s stock after purchasing an additional 24,091 shares during the period. Wolverine Asset Management LLC’s holdings in EVgo were worth $28,000 at the end of the most recent quarter.

EVgo Company Profile

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.