Short Interest in Evergreen Co. (NASDAQ:EVGR) Decreases By 96.5%

Evergreen Co. (NASDAQ:EVGR) was the recipient of a large 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. Based on an average daily volume of 10,700 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Evergreen Stock Performance

Shares of EVGR stock opened at $11.95 on Thursday. Evergreen has a fifty-two week low of $11.26 and a fifty-two week high of $12.21. The stock’s fifty day moving average is $11.91 and its two-hundred day moving average is $11.76. The firm has a market capitalization of $96.44 million and a P/E ratio of 42.68.

Institutional Investors Weigh In On Evergreen

A number of hedge funds have recently modified their holdings of the business. Mizuho Securities USA LLC grew its stake in Evergreen by 0.8% during the 4th quarter. Mizuho Securities USA LLC now owns 418,896 shares of the company’s stock valued at $4,943,000 after acquiring an additional 3,496 shares in the last quarter. Spartan Fund Management Inc. purchased a new position in Evergreen in the 3rd quarter worth approximately $603,000. Quarry LP acquired a new position in shares of Evergreen during the 3rd quarter worth approximately $1,734,000. Finally, Westchester Capital Management LLC purchased a new stake in shares of Evergreen in the third quarter valued at approximately $2,920,000. 69.26% of the stock is currently owned by institutional investors and hedge funds.

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.