Short Interest in Arogo Capital Acquisition Corp. (NASDAQ:AOGO) Declines By 58.8%

Arogo Capital Acquisition Corp. (NASDAQ:AOGOGet Rating) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 2,100 shares, a decline of 58.8% from the August 15th total of 5,100 shares. Based on an average daily trading volume, of 8,600 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Arogo Capital Acquisition

Several large investors have recently bought and sold shares of AOGO. Clear Street LLC purchased a new stake in Arogo Capital Acquisition during the 2nd quarter worth about $39,000. RPO LLC purchased a new stake in Arogo Capital Acquisition during the 2nd quarter worth about $160,000. Robinson Capital Management LLC purchased a new stake in Arogo Capital Acquisition during the 2nd quarter worth about $249,000. JPMorgan Chase & Co. acquired a new position in shares of Arogo Capital Acquisition during the 2nd quarter worth about $498,000. Finally, Berkley W R Corp acquired a new position in shares of Arogo Capital Acquisition during the 1st quarter worth about $557,000. Hedge funds and other institutional investors own 66.23% of the company’s stock.

Arogo Capital Acquisition Trading Down 0.2 %

AOGO stock opened at $9.95 on Wednesday. Arogo Capital Acquisition has a 12-month low of $9.80 and a 12-month high of $10.00. The business’s fifty day moving average price is $9.97 and its 200 day moving average price is $9.97.

About Arogo Capital Acquisition

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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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