Next.e.GO (NASDAQ:EGOX) Short Interest Update

Next.e.GO (NASDAQ:EGOX) was the recipient of a significant decline in short interest in March. As of March 15th, there was short interest totalling 24,500 shares, a decline of 92.4% from the February 29th total of 324,300 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 7,580,000 shares, the short-interest ratio is presently 0.0 days.

Next.e.GO Stock Performance

Shares of NASDAQ EGOX remained flat at $0.03 during mid-day trading on Friday. 12,560,271 shares of the stock traded hands, compared to its average volume of 21,951,948. Next.e.GO has a 12 month low of $0.03 and a 12 month high of $2.24. The stock has a fifty day simple moving average of $0.16.

Institutional Investors Weigh In On Next.e.GO

An institutional investor recently bought a new position in Next.e.GO stock. Atalaya Capital Management LP purchased a new stake in shares of Next.e.GO (NASDAQ:EGOX) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 70,000 shares of the company’s stock, valued at approximately $32,000. Atalaya Capital Management LP owned about 0.08% of Next.e.GO at the end of the most recent reporting period. 39.98% of the stock is owned by institutional investors and hedge funds.

About Next.e.GO

Next.e.GO B.V. manufactures and markets electric vehicles and sustainable mobility systems. It engages in the production of its e.GO Life platform, driving the development of additional models and offering value-adding features to the customers, including the battery swap. The company was founded in 2015 and is based in Aachen, Germany.