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

EVgo, Inc. (NASDAQ:EVGOW) saw a significant decline in short interest in the month of 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 trading volume of 51,500 shares, the short-interest ratio is presently 0.0 days.

EVgo Stock Down 6.2 %

EVGOW traded down $0.01 during trading hours on Tuesday, hitting $0.17. The company’s stock had a trading volume of 17,393 shares, compared to its average volume of 73,813. The company has a 50-day simple moving average of $0.25 and a 200 day simple moving average of $0.65. EVgo has a fifty-two week low of $0.12 and a fifty-two week high of $1.99.

Hedge Funds Weigh In On EVgo

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. LMR Partners LLP lifted its position in EVgo by 16.6% in the 4th quarter. LMR Partners LLP now owns 2,819,066 shares of the company’s stock worth $1,506,000 after buying an additional 402,331 shares in the last quarter. Aristeia Capital L.L.C. bought a new stake in shares of EVgo in the 4th quarter valued at approximately $317,000. Finally, Boothbay Fund Management LLC acquired a new stake in EVgo in the fourth quarter valued at approximately $84,000.

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.