Evergreen Co. (NASDAQ:EVGR) Short Interest Up 12.5% in February

Evergreen Co. (NASDAQ:EVGRGet Free Report) was the recipient of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 2,700 shares, an increase of 12.5% from the January 31st total of 2,400 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 29,400 shares, the days-to-cover ratio is presently 0.1 days.

Evergreen Stock Performance

EVGR stock remained flat at $11.30 during midday trading on Monday. 1,090 shares of the company’s stock traded hands, compared to its average volume of 51,480. The business has a 50-day moving average price of $11.25 and a 200-day moving average price of $11.10. The company has a market cap of $123.17 million and a price-to-earnings ratio of 28.25. Evergreen has a 12-month low of $10.42 and a 12-month high of $11.47.

Institutional Investors Weigh In On Evergreen

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp purchased a new position in Evergreen during the first quarter worth about $153,000. Sea Otter Advisors LLC acquired a new position in shares of Evergreen during the 1st quarter valued at about $460,000. Marshall Wace LLP purchased a new position in shares of Evergreen during the 3rd quarter worth about $637,000. Kim LLC acquired a new stake in shares of Evergreen in the second quarter worth approximately $701,000. Finally, Walleye Trading LLC purchased a new stake in Evergreen in the second quarter valued at approximately $1,162,000. Hedge funds and other institutional investors own 74.17% of the company’s stock.

About Evergreen

(Get Free Report)

Evergreen Corporation is a blank check company. It intends to complete a business combination target on technology companies involved in artificial intelligence, fintech and financial services, the Metaverse, the Internet of Things, eCommerce, social commerce, and Industry 4.0, as well as the new digital economy in the ASEAN region.

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