Evergreen Co. (NASDAQ:EVGR) Short Interest Update

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

Institutional Trading of Evergreen

Institutional investors and hedge funds have recently bought and sold shares of the business. Spartan Fund Management Inc. acquired a new position in shares of Evergreen during the 3rd quarter worth approximately $603,000. K2 Principal Fund L.P. bought a new position in shares of Evergreen in the second quarter valued at about $1,675,000. Quarry LP acquired a new stake in shares of Evergreen during the 3rd quarter worth about $1,734,000. Finally, Westchester Capital Management LLC bought a new stake in shares of Evergreen during the 3rd quarter worth about $2,920,000. Institutional investors own 69.26% of the company’s stock.

Evergreen Stock Performance

NASDAQ EVGR opened at $11.92 on Friday. Evergreen has a 12 month low of $11.24 and a 12 month high of $11.93. The stock has a 50 day moving average of $11.83 and a 200-day moving average of $11.70. The company has a market cap of $96.21 million and a PE ratio of 42.57.

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.