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

EVgo, Inc. (NASDAQ:EVGOW) saw a significant decrease in short interest in November. As of November 15th, there was short interest totalling 16,200 shares, a decrease of 8.0% from the October 31st total of 17,600 shares. Based on an average daily volume of 154,200 shares, the short-interest ratio is currently 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 position in shares of EVgo, Inc. (NASDAQ:EVGOW) by 37.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,242 shares of the company’s stock after purchasing an additional 24,091 shares during the quarter. Wolverine Asset Management LLC’s holdings in EVgo were worth $28,000 at the end of the most recent reporting period.

EVgo Stock Performance

NASDAQ:EVGOW traded down $0.04 on Monday, hitting $1.06. 313,173 shares of the stock were exchanged, compared to its average volume of 62,829. EVgo has a 52 week low of $0.12 and a 52 week high of $1.99. The company’s 50-day moving average price is $1.09 and its 200 day moving average price is $0.55.

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.