Arogo Capital Acquisition Corp. (NASDAQ:AOGO) Sees Large Growth in Short Interest

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

Arogo Capital Acquisition Stock Performance

AOGO stock traded down $0.02 during mid-day trading on Tuesday, hitting $10.88. The company had a trading volume of 938 shares, compared to its average volume of 15,733. The stock’s fifty day moving average price is $10.81 and its two-hundred day moving average price is $10.78. Arogo Capital Acquisition has a 12 month low of $10.41 and a 12 month high of $11.67.

Hedge Funds Weigh In On Arogo Capital Acquisition

Several hedge funds have recently bought and sold shares of AOGO. Boothbay Fund Management LLC purchased a new position in Arogo Capital Acquisition during the second quarter valued at approximately $125,000. Flow Traders U.S. LLC purchased a new position in Arogo Capital Acquisition in the 1st quarter worth approximately $139,000. Clear Street LLC grew its stake in Arogo Capital Acquisition by 731.3% in the 4th quarter. Clear Street LLC now owns 21,181 shares of the company’s stock worth $228,000 after buying an additional 18,633 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in Arogo Capital Acquisition in the 2nd quarter worth approximately $498,000. Finally, Berkley W R Corp purchased a new position in Arogo Capital Acquisition in the 1st quarter worth approximately $557,000. Hedge funds and other institutional investors own 41.63% of the company’s stock.

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.