EVgo, Inc. (NASDAQ:EVGOW) Short Interest Update

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

Hedge Funds Weigh In On EVgo

Several large investors have recently modified their holdings of the stock. LMR Partners LLP grew its position in EVgo by 16.6% in the 4th quarter. LMR Partners LLP now owns 2,819,066 shares of the company’s stock worth $1,506,000 after purchasing an additional 402,331 shares during the last quarter. Aristeia Capital L.L.C. bought a new position in EVgo in the 4th quarter valued at about $317,000. Finally, Boothbay Fund Management LLC acquired a new position in EVgo during the 4th quarter valued at about $84,000.

EVgo Stock Performance

NASDAQ:EVGOW traded up $0.00 during trading hours on Wednesday, reaching $0.25. 16,590 shares of the company were exchanged, compared to its average volume of 73,036. The stock has a 50 day simple moving average of $0.30 and a 200 day simple moving average of $0.68. EVgo has a 52-week low of $0.12 and a 52-week high of $1.99.

About EVgo

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.