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

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

Institutional Investors Weigh In On EVgo

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

EVgo Stock Down 8.6 %

Shares of EVGOW stock traded down $0.02 during mid-day trading on Friday, hitting $0.25. 52,352 shares of the stock traded hands, compared to its average volume of 72,984. The company’s 50-day simple moving average is $0.30 and its 200-day simple moving average is $0.68. EVgo has a twelve month low of $0.12 and a twelve month high of $1.99.

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.