Short Interest in Evergreen Co. (NASDAQ:EVGR) Grows By 36.8%

Evergreen Co. (NASDAQ:EVGR) was the target of a significant growth in short interest during 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. Based on an average daily trading volume, of 5,700 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On Evergreen

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

Evergreen Stock Performance

NASDAQ EVGR opened at $11.92 on Friday. The company has a market cap of $96.21 million and a P/E ratio of 42.57. Evergreen has a 1 year low of $11.24 and a 1 year high of $11.93. The company has a fifty day simple moving average of $11.83 and a 200 day simple moving average of $11.70.

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.