Evergreen Co. (NASDAQ:EVGR) Short Interest Up 36.8% in January

Evergreen Co. (NASDAQ:EVGR) saw a significant growth in short interest in January. As of January 15th, there was short interest totalling 2,600 shares, a growth of 36.8% from the December 31st total of 1,900 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 5,700 shares, the short-interest ratio is presently 0.5 days.

Evergreen Trading Down 0.6 %

NASDAQ:EVGR opened at $12.02 on Thursday. The firm’s fifty day simple moving average is $11.86 and its 200 day simple moving average is $11.73. Evergreen has a twelve month low of $11.24 and a twelve month high of $12.09. The firm has a market capitalization of $97.00 million and a price-to-earnings ratio of 42.93.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Spartan Fund Management Inc. purchased a new stake in shares of Evergreen during the 3rd quarter valued at about $603,000. Quarry LP acquired a new stake in Evergreen in the third quarter valued at approximately $1,734,000. Finally, Westchester Capital Management LLC purchased a new stake in shares of Evergreen during the third quarter valued at 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.