Evergreen Co. (NASDAQ:EVGR) Sees Large Growth in Short Interest

Posted by Doug Wharley on Jan 18th, 2025

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

Institutional Investors Weigh In On Evergreen

Several large investors have recently modified their holdings of EVGR. Spartan Fund Management Inc. bought a new stake in Evergreen during the 3rd quarter worth approximately $603,000. K2 Principal Fund L.P. bought a new stake in shares of Evergreen during the second quarter worth $1,675,000. Quarry LP bought a new stake in shares of Evergreen during the third quarter worth $1,734,000. Finally, Westchester Capital Management LLC acquired a new stake in shares of Evergreen during the third quarter worth $2,920,000. 69.26% of the stock is currently owned by institutional investors.

Evergreen Stock Performance

EVGR opened at $11.92 on Friday. The firm’s fifty day moving average is $11.83 and its two-hundred day moving average is $11.70. The firm has a market cap of $96.21 million and a PE ratio of 42.57. Evergreen has a twelve month low of $11.24 and a twelve month high of $11.93.

Evergreen Company Profile

(Get Free Report)

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.