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

EVgo, Inc. (NASDAQ:EVGOW) was the target of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 17,600 shares, a decrease of 44.5% from the October 15th total of 31,700 shares. Based on an average daily volume of 139,100 shares, the days-to-cover ratio is currently 0.1 days.

EVgo Stock Performance

Shares of EVGOW stock traded up $0.06 on Wednesday, reaching $0.77. The company had a trading volume of 142,209 shares, compared to its average volume of 60,460. The company has a 50-day moving average of $0.94 and a 200-day moving average of $0.47. EVgo has a 12 month low of $0.12 and a 12 month high of $1.99.

Institutional Investors Weigh In On EVgo

A hedge fund recently raised its stake in EVgo stock. Wolverine Asset Management LLC lifted its holdings in EVgo, Inc. (NASDAQ:EVGOW) by 37.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 88,242 shares of the company’s stock after purchasing 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 SEC filing.

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.