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

EVgo, Inc. (NASDAQ:EVGOW) saw a large drop in short interest in February. As of February 15th, there was short interest totalling 16,500 shares, a drop of 29.5% from the January 31st total of 23,400 shares. Based on an average trading volume of 84,200 shares, the days-to-cover ratio is currently 0.2 days.

EVgo Trading Down 6.9 %

NASDAQ:EVGOW traded down $0.02 during midday trading on Tuesday, reaching $0.27. 49,119 shares of the company traded hands, compared to its average volume of 67,176. EVgo has a twelve month low of $0.12 and a twelve month high of $1.99. The company has a fifty day moving average price of $0.40 and a 200 day moving average price of $0.69.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wolverine Asset Management LLC raised its stake in EVgo by 37.6% during the 3rd quarter. Wolverine Asset Management LLC now owns 88,242 shares of the company’s stock valued at $28,000 after acquiring an additional 24,091 shares in the last quarter. Boothbay Fund Management LLC bought a new stake in EVgo during the 4th quarter valued at $84,000. Aristeia Capital L.L.C. bought a new stake in EVgo during the 4th quarter valued at $317,000. Finally, LMR Partners LLP raised its stake in EVgo by 16.6% during the 4th quarter. LMR Partners LLP now owns 2,819,066 shares of the company’s stock valued at $1,506,000 after acquiring an additional 402,331 shares in the last quarter.

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.