EVgo, Inc. (NASDAQ:EVGOW) Sees Large Decline in Short Interest

EVgo, Inc. (NASDAQ:EVGOW) saw a significant decline in short interest in March. As of March 31st, there was short interest totaling 5,208 shares, a decline of 30.8% from the March 15th total of 7,529 shares. Based on an average daily volume of 19,756 shares, the days-to-cover ratio is currently 0.3 days.

EVgo Trading Down 6.6%

Shares of NASDAQ:EVGOW opened at $0.03 on Tuesday. The stock has a fifty day simple moving average of $0.04 and a two-hundred day simple moving average of $0.10. EVgo has a 12-month low of $0.01 and a 12-month high of $0.38.

About EVgo

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.