Arogo Capital Acquisition Corp. (NASDAQ:AOGO – Get Rating) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 16,500 shares, an increase of 26.9% from the March 31st total of 13,000 shares. Currently, 0.2% of the company's stock are sold short. Based on an average daily trading volume, of 55,600 shares, the days-to-cover ratio is currently 0.3 days.

Arogo Capital Acquisition Stock Performance

Shares of NASDAQ AOGO opened at $10.42 on Friday. Arogo Capital Acquisition has a fifty-two week low of $9.90 and a fifty-two week high of $10.61. The business has a 50 day moving average price of $10.37 and a two-hundred day moving average price of $10.19.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in AOGO. Spring Creek Capital LLC acquired a new position in Arogo Capital Acquisition during the 1st quarter valued at approximately $3,946,000. Saba Capital Management L.P. bought a new stake in shares of Arogo Capital Acquisition in the 1st quarter worth $3,827,000. Goldman Sachs Group Inc. bought a new stake in shares of Arogo Capital Acquisition in the 1st quarter worth $3,495,000. Fir Tree Capital Management LP bought a new stake in shares of Arogo Capital Acquisition in the 1st quarter worth $2,485,000. Finally, Cubist Systematic Strategies LLC raised its stake in shares of Arogo Capital Acquisition by 2,292.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 253,498 shares of the company's stock worth $2,522,000 after buying an additional 242,904 shares in the last quarter. Institutional investors and hedge funds own 64.33% of the company's stock.

Arogo Capital Acquisition Company Profile

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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.

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