Evergreen Co. (NASDAQ:EVGR) Short Interest Update

Evergreen Co. (NASDAQ:EVGR - Get Free Report) was the target of a large increase in short interest in January. As of January 15th, there was short interest totalling 2,600 shares, an increase of 36.8% from the December 31st total of 1,900 shares. Based on an average daily volume of 5,700 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the shares of the stock are sold short.

Evergreen Trading Down 0.2 %

EVGR traded down $0.02 on Monday, reaching $11.94. The stock had a trading volume of 2,875 shares, compared to its average volume of 37,104. The firm has a 50-day moving average of $11.87 and a 200-day moving average of $11.74. Evergreen has a fifty-two week low of $11.25 and a fifty-two week high of $12.11. The company has a market capitalization of $96.36 million and a price-to-earnings ratio of 42.64.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Spartan Fund Management Inc. acquired a new position in Evergreen in the third quarter valued at approximately $603,000. Quarry LP bought a new stake in shares of Evergreen in the 3rd quarter valued at $1,734,000. Finally, Westchester Capital Management LLC acquired a new position in shares of Evergreen during the 3rd quarter valued at $2,920,000. 69.26% of the stock is owned by institutional investors.

Evergreen Company Profile

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.