Arogo Capital Acquisition Corp. (NASDAQ:AOGO) Short Interest Update

Arogo Capital Acquisition Corp. (NASDAQ:AOGO) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 14,800 shares, a growth of 7.2% from the March 15th total of 13,800 shares. Approximately 1.7% of the company’s shares are short sold. Based on an average daily volume of 12,000 shares, the days-to-cover ratio is currently 1.2 days.

Arogo Capital Acquisition Stock Down 0.2 %

NASDAQ:AOGO traded down $0.02 on Monday, reaching $10.90. The company’s stock had a trading volume of 265 shares, compared to its average volume of 16,036. Arogo Capital Acquisition has a 1-year low of $10.41 and a 1-year high of $11.67. The business’s 50-day moving average price is $10.81 and its two-hundred day moving average price is $10.78.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Glazer Capital LLC grew its stake in Arogo Capital Acquisition by 284.1% in the first quarter. Glazer Capital LLC now owns 850,545 shares of the company’s stock valued at $8,880,000 after acquiring an additional 629,108 shares during the period. Periscope Capital Inc. grew its stake in Arogo Capital Acquisition by 1.3% in the third quarter. Periscope Capital Inc. now owns 414,688 shares of the company’s stock valued at $4,445,000 after acquiring an additional 5,363 shares during the period. Spring Creek Capital LLC acquired a new position in Arogo Capital Acquisition in the first quarter valued at about $3,946,000. Saba Capital Management L.P. acquired a new position in Arogo Capital Acquisition in the first quarter valued at about $3,827,000. Finally, Goldman Sachs Group Inc. acquired a new position in Arogo Capital Acquisition in the first quarter valued at about $3,495,000. 41.63% of the stock is owned by institutional investors and hedge funds.

About Arogo Capital Acquisition

Arogo Capital Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to focus on businesses in transportation and technology industries within the electric vehicles technology, smart mobility, or sustainable transportation.