Evergreen Co. (NASDAQ:EVGR) Short Interest Up 36.8% in January

Evergreen Co. (NASDAQ:EVGR) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totalling 2,600 shares, a growth of 36.8% from the December 31st total of 1,900 shares. Based on an average trading volume of 5,700 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.1% of the company’s stock are short sold.

Evergreen Price Performance

Evergreen stock opened at $11.98 on Friday. Evergreen has a one year low of $11.24 and a one year high of $12.11. The business’s fifty day moving average is $11.87 and its 200 day moving average is $11.74. The stock has a market capitalization of $96.64 million and a PE ratio of 42.77.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Spartan Fund Management Inc. purchased a new position in shares of Evergreen during the 3rd quarter valued at $603,000. Quarry LP purchased a new position in shares of Evergreen in the third quarter valued at about $1,734,000. Finally, Westchester Capital Management LLC bought a new position in shares of Evergreen in the third quarter worth about $2,920,000. Hedge funds and other institutional investors own 69.26% of the company’s stock.

Evergreen Company Profile

Evergreen Corporation is a blank check company. It intends to enter into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in Kuala Lumpur, Malaysia.