Evergreen Co. (NASDAQ:EVGR) Sees Significant Increase in Short Interest

Evergreen Co. (NASDAQ:EVGR) saw a large increase in short interest in the month of 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 trading volume, of 5,700 shares, the short-interest ratio is currently 0.5 days. Currently, 0.1% of the company’s shares are sold short.

Evergreen Stock Performance

Shares of EVGR opened at $11.98 on Friday. The stock has a market capitalization of $96.64 million and a PE ratio of 42.77. The company has a 50 day moving average price of $11.87 and a 200-day moving average price of $11.74. Evergreen has a fifty-two week low of $11.24 and a fifty-two week high of $12.11.

Institutional Trading of Evergreen

A number of institutional investors have recently made changes to their positions in the business. Spartan Fund Management Inc. acquired a new position in shares of Evergreen in the third quarter valued at about $603,000. Quarry LP acquired a new position in Evergreen in the 3rd quarter worth approximately $1,734,000. Finally, Westchester Capital Management LLC purchased a new position in Evergreen during the 3rd quarter worth approximately $2,920,000. Institutional investors and hedge funds own 69.26% of the company’s stock.

About Evergreen

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.