Short Interest in EVgo, Inc. (NASDAQ:EVGOW) Drops By 67.2%

EVgo, Inc. (NASDAQ:EVGOW) was the recipient of a large drop in short interest in January. As of January 30th, there was short interest totaling 851 shares, a drop of 67.2% from the January 15th total of 2,592 shares. Based on an average daily volume of 15,465 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 15,465 shares, the days-to-cover ratio is currently 0.1 days.

EVgo Stock Down 9.9%

Shares of NASDAQ:EVGOW traded down $0.01 during mid-day trading on Thursday, hitting $0.06. The stock had a trading volume of 2,755 shares, compared to its average volume of 18,847. EVgo has a 12-month low of $0.06 and a 12-month high of $0.41. The company’s 50 day moving average is $0.08 and its 200-day moving average is $0.14.

EVgo Company Profile

EVgo, Inc (NASDAQ: EVGOW) is a leading operator of public fast-charging networks for electric vehicles (EVs) in the United States. The company designs, installs, owns and operates DC fast chargers, offering charging speeds from 50 kW up to 350 kW. EVgo’s network is purpose-built to support individual drivers, electric vehicle fleets and rideshare services, providing reliable access to high-power charging at retail, grocery, parking and hospitality locations.

EVgo’s service offerings include pay-as-you-go charging, subscription plans for frequent users and customized solutions for fleet operators seeking to electrify delivery, logistics and rideshare fleets.