Market Sentiment and Positioning
EVgo (EVGO) is currently seeing a 23.2% short interest of its float, with a days-to-cover ratio of 9.2. This indicates that the short position is not only substantial but also relatively illiquid, requiring nearly ten days of average volume to fully cover. The daily short volume ratio has been recorded at 48%, showing that short-selling pressure remains a consistent feature of the stock's daily trading. With a borrow fee of 1.2%, the cost of holding these positions is currently stable, but the high days-to-cover ratio makes the stock sensitive to any sudden influx of buying volume. Market participants should monitor the borrow fee for any signs of tightening, which would indicate a reduction in available shares for lending.
Signal data sourced from Tapeboard. This post is an original analysis prepared by The Forensic Ledger from publicly available data. Not investment advice.
Not investment advice. This is original reporting and analysis prepared by The Forensic Ledger from publicly available data. Nothing here is a recommendation to buy, sell, or hold any security. Always consult the original source and a licensed professional. See our full disclaimer and source-citation policy.