Short Interest in Evergreen Co. (NASDAQ:EVGR) Grows By 36.8%

Evergreen Co. (NASDAQ:EVGR) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 2,600 shares, a growth of 36.8% from the December 31st total of 1,900 shares. Based on an average trading volume of 5,700 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the shares of the company are short sold.

Evergreen Price Performance

NASDAQ:EVGR opened at $11.98 on Friday. The firm has a market capitalization of $96.64 million and a price-to-earnings ratio of 42.77. The business has a fifty day moving average price of $11.87 and a 200-day moving average price of $11.74. Evergreen has a one year low of $11.24 and a one year high of $12.11.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Spartan Fund Management Inc. bought a new position in shares of Evergreen during the 3rd quarter valued at approximately $603,000. Quarry LP purchased a new position in Evergreen during the third quarter valued at approximately $1,734,000. Finally, Westchester Capital Management LLC bought a new position in shares of Evergreen in the third quarter worth approximately $2,920,000. Institutional investors own 69.26% of the company’s stock.

About Evergreen

Evergreen Corporation is a blank check company. It intends to enter into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in Kuala Lumpur, Malaysia.