Short Interest in EVgo, Inc. (NASDAQ:EVGOW) Rises By 195.5%

EVgo, Inc. (NASDAQ:EVGOW) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 13,000 shares, agrowthof195.5% from the June 30th total of 4,400 shares. Based on an average daily trading volume, of 43,800 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 43,800 shares, the days-to-cover ratio is currently 0.3 days.

EVgo Price Performance

EVGOW opened at $0.20 on Tuesday. The stock’s fifty day moving average is $0.22 and its 200-day moving average is $0.25. EVgo has a one year low of $0.14 and a one year high of $1.99.

Hedge Funds Weigh In On EVgo

A number of institutional investors have recently bought and sold shares of EVGOW. LMR Partners LLP boosted its stake in shares of EVgo by 16.6% during the 4th quarter. LMR Partners LLP now owns 2,819,066 shares of the company’s stock valued at $1,506,000 after buying an additional 402,331 shares during the period. Aristeia Capital L.L.C. acquired a new stake in EVgo during the fourth quarter valued at $317,000. Finally, Boothbay Fund Management LLC purchased a new position in EVgo in the fourth quarter valued at about $84,000.

EVgo Company Profile

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.