Looking Into EVgo's Recent Short Interest
Portfolio Pulse from Benzinga Insights
EVgo's short interest has risen by 8.9%, with 34.94 million shares sold short, representing 34.88% of its float. This is significantly higher than its peers' average short interest of 12.09%. It would take traders 6.99 days to cover their short positions.
May 29, 2024 | 7:45 pm
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EVgo's short interest has increased by 8.9%, with 34.94 million shares sold short, making up 34.88% of its float. This is significantly higher than the peer group average of 12.09%.
The significant increase in short interest suggests bearish sentiment among investors. The high percentage of shares sold short compared to peers indicates potential downward pressure on the stock price.
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