Arogo Capital Acquisition Corp. (NASDAQ:AOGO – Get Rating) saw a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 2,300 shares, a decrease of 57.4% from the November 30th total of 5,400 shares. Approximately 0.0% of the company's stock are short sold. Based on an average daily volume of 4,600 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Mangrove Partners increased its position in shares of Arogo Capital Acquisition by 1.5% during the third quarter. Mangrove Partners now owns 500,000 shares of the company's stock worth $4,965,000 after acquiring an additional 7,500 shares in the last quarter. Flow Traders U.S. LLC bought a new stake in Arogo Capital Acquisition during the 3rd quarter worth approximately $118,000. Cubist Systematic Strategies LLC raised its stake in shares of Arogo Capital Acquisition by 15.5% in the third quarter. Cubist Systematic Strategies LLC now owns 292,747 shares of the company's stock worth $2,907,000 after purchasing an additional 39,249 shares during the last quarter. Glazer Capital LLC lifted its holdings in shares of Arogo Capital Acquisition by 3.9% in the third quarter. Glazer Capital LLC now owns 133,722 shares of the company's stock valued at $1,329,000 after purchasing an additional 5,064 shares in the last quarter. Finally, Ergoteles LLC purchased a new position in shares of Arogo Capital Acquisition during the third quarter valued at approximately $311,000. 64.33% of the stock is owned by institutional investors.

Arogo Capital Acquisition Trading Down 0.7 %

Shares of AOGO opened at $10.03 on Thursday. The business's fifty day moving average is $10.02 and its 200 day moving average is $9.98. Arogo Capital Acquisition has a 12-month low of $9.80 and a 12-month high of $10.06.

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 electric vehicles technology, smart mobility or sustainable transportation, and related businesses.

Further Reading

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