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

EVgo, Inc. (NASDAQ:EVGOW) was the target of a significant decline in short interest in November. As of November 15th, there was short interest totalling 16,200 shares, a decline of 8.0% from the October 31st total of 17,600 shares. Based on an average daily volume of 154,200 shares, the days-to-cover ratio is currently 0.1 days.

EVgo Stock Performance

Shares of NASDAQ:EVGOW traded down $0.02 during mid-day trading on Tuesday, hitting $1.05. The company had a trading volume of 18,682 shares, compared to its average volume of 62,639. EVgo has a one year low of $0.12 and a one year high of $1.99. The firm has a fifty day moving average price of $1.11 and a 200 day moving average price of $0.55.

Institutional Investors Weigh In On EVgo

A hedge fund recently raised its stake in EVgo stock. Wolverine Asset Management LLC grew its position in shares of EVgo, Inc. (NASDAQ:EVGOW) by 37.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,242 shares of the company’s stock after acquiring an additional 24,091 shares during the quarter. Wolverine Asset Management LLC’s holdings in EVgo were worth $28,000 as of its most recent filing with the Securities & 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.