EVgo, Inc. (NASDAQ:EVGOW) Short Interest Down 17.6% in March

EVgo, Inc. (NASDAQ:EVGOW) saw a significant decline in short interest in March. As of March 31st, there was short interest totalling 1,400 shares, a decline of 17.6% from the March 15th total of 1,700 shares. Based on an average daily volume of 51,500 shares, the days-to-cover ratio is currently 0.0 days.

EVgo Stock Down 1.5 %

Shares of EVGOW stock traded down $0.00 during trading on Monday, hitting $0.18. The company had a trading volume of 29,733 shares, compared to its average volume of 74,036. EVgo has a 52 week low of $0.12 and a 52 week high of $1.99. The stock’s 50-day moving average is $0.25 and its two-hundred day moving average is $0.66.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Boothbay Fund Management LLC purchased a new position in shares of EVgo during the 4th quarter valued at about $84,000. Aristeia Capital L.L.C. bought a new position in shares of EVgo during the 4th quarter valued at $317,000. Finally, LMR Partners LLP lifted its stake in EVgo by 16.6% in the fourth 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.

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.