Short Interest in EVgo, Inc. (NASDAQ:EVGOW) Decreases By 88.5%

EVgo, Inc. (NASDAQ:EVGOW) was the recipient of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 1,700 shares, a decline of 88.5% from the February 28th total of 14,800 shares. Based on an average trading volume of 60,400 shares, the days-to-cover ratio is presently 0.0 days.

EVgo Stock Performance

EVGOW stock traded up $0.00 during trading hours on Wednesday, hitting $0.25. The company’s stock had a trading volume of 16,590 shares, compared to its average volume of 73,036. The stock has a 50 day moving average price of $0.30 and a two-hundred day moving average price of $0.68. EVgo has a 12 month low of $0.12 and a 12 month high of $1.99.

Institutional Investors Weigh In On EVgo

Several institutional investors and hedge funds have recently modified their holdings of EVGOW. LMR Partners LLP lifted its holdings in EVgo by 16.6% in the 4th quarter. LMR Partners LLP now owns 2,819,066 shares of the company’s stock worth $1,506,000 after purchasing an additional 402,331 shares during the last quarter. Boothbay Fund Management LLC acquired a new position in EVgo during the fourth quarter valued at approximately $84,000. Finally, Aristeia Capital L.L.C. bought a new position in shares of EVgo in the fourth quarter valued at approximately $317,000.

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.