Short Interest in EVgo, Inc. (NASDAQ:EVGOW) Drops By 88.5%

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Aristeia Capital L.L.C. acquired a new position in EVgo during the fourth quarter valued at approximately $317,000. LMR Partners LLP lifted its stake 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 last quarter. Finally, Boothbay Fund Management LLC bought a new stake in shares of EVgo during the 4th quarter worth $84,000.

EVgo Price Performance

NASDAQ EVGOW traded down $0.02 during trading on Friday, hitting $0.25. 52,352 shares of the company traded hands, compared to its average volume of 72,984. The business has a fifty day simple moving average of $0.30 and a 200 day simple moving average of $0.68. EVgo has a 12 month low of $0.12 and a 12 month high of $1.99.

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.