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

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Spartan Fund Management Inc. bought a new stake in Evergreen during the third quarter worth about $603,000. K2 Principal Fund L.P. bought a new stake in shares of Evergreen in the 2nd quarter worth approximately $1,675,000. Quarry LP purchased a new stake in shares of Evergreen in the 3rd quarter worth approximately $1,734,000. Finally, Westchester Capital Management LLC bought a new position in Evergreen during the 3rd quarter valued at approximately $2,920,000. 69.26% of the stock is currently owned by institutional investors.

Evergreen Stock Performance

Evergreen stock opened at $11.91 on Thursday. The stock has a market cap of $96.11 million and a price-to-earnings ratio of 42.54. The stock’s 50 day simple moving average is $11.83 and its two-hundred day simple moving average is $11.70. Evergreen has a fifty-two week low of $11.23 and a fifty-two week high of $11.91.

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.