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

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

EVgo Stock Performance

Shares of NASDAQ:EVGOW traded up $0.01 on Tuesday, hitting $0.34. 37,212 shares of the company were exchanged, compared to its average volume of 95,595. The company’s 50 day moving average price is $0.73 and its two-hundred day moving average price is $0.69. EVgo has a one year low of $0.12 and a one year high of $1.99.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in EVgo stock. Wolverine Asset Management LLC grew its stake in EVgo, Inc. (NASDAQ:EVGOW) by 37.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 88,242 shares of the company’s stock after buying an additional 24,091 shares during the period. Wolverine Asset Management LLC’s holdings in EVgo were worth $28,000 as of its most recent filing with the Securities and Exchange Commission.

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.