Charge Enterprises, Inc. (NASDAQ:CRGE) Short Interest Up 216.4% in January

Charge Enterprises, Inc. (NASDAQ:CRGEGet 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.

Get Our Latest Analysis on Charge Enterprises

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

(Get Free Report)

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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