EVgo, Inc. (NASDAQ:EVGOW – Get Rating) was the target of a significant drop in short interest during the month of December. As of December 30th, there was short interest totalling 2,600 shares, a drop of 7.1% from the December 15th total of 2,800 shares. Based on an average daily volume of 38,200 shares, the days-to-cover ratio is currently 0.1 days.

EVgo Stock Performance

EVGOW stock traded down $0.05 during midday trading on Tuesday, reaching $0.71. The company had a trading volume of 16,494 shares, compared to its average volume of 93,906. The stock has a 50 day moving average price of $0.98 and a 200 day moving average price of $1.58. EVgo has a fifty-two week low of $0.50 and a fifty-two week high of $4.41.

Institutional Investors Weigh In On EVgo

Several hedge funds have recently modified their holdings of EVGOW. LMR Partners LLP grew its position in shares of EVgo by 3.9% during the 3rd quarter. LMR Partners LLP now owns 1,234,015 shares of the company's stock valued at $9,761,000 after purchasing an additional 46,568 shares in the last quarter. Privium Fund Management B.V. raised its position in EVgo by 16.1% in the third quarter. Privium Fund Management B.V. now owns 428,118 shares of the company's stock worth $771,000 after acquiring an additional 59,267 shares during the period. Warberg Asset Management LLC bought a new position in EVgo in the third quarter worth approximately $122,000. Finally, HAP Trading LLC bought a new position in EVgo in the first quarter worth approximately $275,000.

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