Peering Into EVgo's Recent Short Interest
Portfolio Pulse from Benzinga Insights
EVgo's short interest has decreased by 4.8%, with 26.20 million shares sold short, representing 26.16% of its float. This is higher than its peers' average short interest of 11.11%. The decrease in short interest may indicate a shift in market sentiment.
September 13, 2024 | 8:45 pm
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EVgo's short interest has decreased by 4.8%, with 26.20 million shares sold short, representing 26.16% of its float. This is higher than its peers' average short interest of 11.11%. The decrease in short interest may indicate a shift in market sentiment.
The decrease in short interest suggests a potential shift in market sentiment towards EVgo, as fewer investors are betting against the stock. This could be seen as a bullish indicator, especially since EVgo's short interest is still significantly higher than its peers, indicating that any positive news could lead to a short squeeze.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100