Evergreen Co. (NASDAQ:EVGR - Get Free Report) saw a significant decrease in short interest during the month of January. As of January 31st, there was short interest totalling 800 shares, a decrease of 96.5% from the January 15th total of 22,600 shares. Currently, 0.0% of the company's shares are sold short. Based on an average trading volume of 10,700 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Spartan Fund Management Inc. purchased a new stake in Evergreen in the 3rd quarter worth about $603,000. Quarry LP purchased a new stake in shares of Evergreen in the third quarter worth approximately $1,734,000. Harraden Circle Investments LLC purchased a new position in Evergreen during the fourth quarter valued at approximately $2,376,000. Westchester Capital Management LLC purchased a new position in Evergreen during the third quarter valued at approximately $2,920,000. Finally, Mizuho Securities USA LLC lifted its position in Evergreen by 0.8% in the 4th quarter. Mizuho Securities USA LLC now owns 418,896 shares of the company's stock worth $4,943,000 after buying an additional 3,496 shares in the last quarter. 69.26% of the stock is owned by institutional investors and hedge funds.
Evergreen Price Performance
Evergreen stock traded down $0.12 during midday trading on Friday, hitting $11.97. 4,449 shares of the company were exchanged, compared to its average volume of 20,023. Evergreen has a fifty-two week low of $11.26 and a fifty-two week high of $12.21. The company's fifty day moving average price is $11.91 and its 200-day moving average price is $11.77. The company has a market cap of $96.57 million and a PE ratio of 42.74.
Evergreen Company Profile
(
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Evergreen Corporation is a blank check company. It intends to enter into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in Kuala Lumpur, Malaysia.
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