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

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

Institutional Investors Weigh In On EVgo

An institutional investor recently raised its position in EVgo stock. Wolverine Asset Management LLC lifted its holdings in EVgo, Inc. (NASDAQ:EVGOW) by 37.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 88,242 shares of the company’s stock after acquiring 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 filing with the SEC.

EVgo Stock Up 8.0 %

EVGOW stock traded up $0.06 during midday trading on Wednesday, hitting $0.77. The company’s stock had a trading volume of 142,209 shares, compared to its average volume of 60,460. The company’s fifty day moving average price is $0.94 and its 200 day moving average price is $0.47. EVgo has a twelve month low of $0.12 and a twelve 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.