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

EVgo, Inc. (NASDAQ:EVGOW) was the recipient of a large decline in short interest during the month of 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 trading volume, of 154,200 shares, the short-interest ratio is presently 0.1 days.

EVgo Price Performance

Shares of NASDAQ:EVGOW traded down $0.02 during midday trading on Tuesday, hitting $1.05. The stock had a trading volume of 18,682 shares, compared to its average volume of 62,639. EVgo has a 12 month low of $0.12 and a 12 month high of $1.99. The business’s 50-day simple moving average is $1.11 and its 200-day simple moving average is $0.55.

Institutional Trading of EVgo

An institutional investor recently raised its position in EVgo stock. Wolverine Asset Management LLC boosted its holdings in EVgo, Inc. (NASDAQ:EVGOW) by 37.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

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.