Evergreen Co. (NASDAQ:EVGR – Get Free Report) was the target of a large increase in short interest in October. As of October 31st, there was short interest totalling 2,200 shares, an increase of 46.7% from the October 15th total of 1,500 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 11,500 shares, the days-to-cover ratio is presently 0.2 days.
Institutional Investors Weigh In On Evergreen
Several hedge funds and other institutional investors have recently bought and sold shares of EVGR. Virtu Financial LLC acquired a new stake in shares of Evergreen in the 1st quarter valued at about $222,000. Spartan Fund Management Inc. acquired a new position in shares of Evergreen in the 3rd quarter valued at $603,000. K2 Principal Fund L.P. purchased a new stake in Evergreen in the 2nd quarter valued at $1,675,000. Quarry LP purchased a new stake in Evergreen in the 3rd quarter valued at $1,734,000. Finally, Cowen AND Company LLC acquired a new stake in shares of Evergreen during the second quarter worth about $2,706,000. 69.26% of the stock is currently owned by institutional investors and hedge funds.
Evergreen Stock Performance
Shares of NASDAQ EVGR remained flat at $11.75 during midday trading on Friday. The stock had a trading volume of 27 shares, compared to its average volume of 1,602. The firm has a fifty day simple moving average of $11.72 and a two-hundred day simple moving average of $11.58. The company has a market cap of $94.82 million and a P/E ratio of 41.96. Evergreen has a 1-year low of $11.05 and a 1-year high of $11.79.
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.
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