Charge Enterprises, Inc. (NASDAQ:CRGE – Get Free Report) was the recipient of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 18,130,000 shares, a growth of 216.4% from the January 15th total of 5,730,000 shares. Currently, 17.2% of the shares of the company are short sold. Based on an average trading volume of 16,230,000 shares, the short-interest ratio is presently 1.1 days.
Hedge Funds Weigh In On Charge Enterprises
A number of hedge funds have recently bought and sold shares of the business. Two Sigma Advisers LP acquired a new position in shares of Charge Enterprises during the 3rd quarter worth approximately $29,000. Virtu Financial LLC acquired a new stake in Charge Enterprises during the second quarter worth approximately $29,000. Federated Hermes Inc. bought a new position in Charge Enterprises during the 3rd quarter worth $30,000. Price T Rowe Associates Inc. MD raised its holdings in Charge Enterprises by 85.8% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 19,175 shares of the company’s stock valued at $34,000 after acquiring an additional 8,856 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in shares of Charge Enterprises during the 3rd quarter valued at $37,000. 21.21% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Separately, Maxim Group reaffirmed a “hold” rating on shares of Charge Enterprises in a research report on Friday, November 24th.
Charge Enterprises Stock Performance
CRGE opened at $0.11 on Tuesday. The stock has a fifty day moving average of $0.13 and a 200-day moving average of $0.36. Charge Enterprises has a fifty-two week low of $0.08 and a fifty-two week high of $1.55. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.94 and a quick ratio of 0.93.
About Charge Enterprises
Charge Enterprises Inc operates as an electrical, broadband, and electric vehicle (EV) charging infrastructure company. The company provides clients with end-to-end project management services, including advising, designing, engineering, acquiring and installing equipment, monitoring, servicing, and maintenance.
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