Short Interest in Next.e.GO (NASDAQ:EGOX) Drops By 92.4%

Next.e.GO (NASDAQ:EGOX) was the target of a large 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. Based on an average daily trading volume, of 7,580,000 shares, the short-interest ratio is presently 0.0 days. Currently, 0.1% of the company’s stock are sold short.

Next.e.GO Stock Performance

EGOX stock remained flat at $0.03 during trading on Friday. The company had a trading volume of 12,560,271 shares, compared to its average volume of 21,951,948. The stock’s fifty day moving average is $0.16. Next.e.GO has a fifty-two week low of $0.03 and a fifty-two week high of $2.24.

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

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.