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

EVgo, Inc. (NASDAQ:EVGOW) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totalling 9,100 shares, a growth of 727.3% from the December 15th total of 1,100 shares. Based on an average trading volume of 127,100 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On EVgo

A hedge fund recently raised its stake in EVgo stock. Wolverine Asset Management LLC grew its position in EVgo, Inc. (NASDAQ:EVGOW) by 37.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 88,242 shares of the company’s stock after buying an additional 24,091 shares during the period. Wolverine Asset Management LLC’s holdings in EVgo were worth $28,000 as of its most recent SEC filing.

EVgo Stock Performance

EVgo stock traded up $0.03 on Wednesday, hitting $0.40. 36,116 shares of the stock traded hands, compared to its average volume of 79,257. EVgo has a 1 year low of $0.12 and a 1 year high of $1.99. The business’s fifty day simple moving average is $0.82 and its 200 day simple moving average is $0.68.

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.