Arogo Capital Acquisition Corp. (NASDAQ:AOGO) Short Interest Up 7.2% in March

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. Based on an average trading volume of 12,000 shares, the short-interest ratio is currently 1.2 days. Currently, 1.7% of the company’s stock are sold short.

Arogo Capital Acquisition Stock Performance

Shares of AOGO stock opened at $10.88 on Wednesday. Arogo Capital Acquisition has a fifty-two week low of $10.41 and a fifty-two week high of $11.67. The stock’s 50-day simple moving average is $10.81 and its 200-day simple moving average is $10.78.

Institutional Investors Weigh In On Arogo Capital Acquisition

Large investors have recently bought and sold shares of the company. Boothbay Fund Management LLC purchased a new stake in Arogo Capital Acquisition in the second quarter valued at approximately $125,000. Flow Traders U.S. LLC acquired a new position in shares of Arogo Capital Acquisition during the 1st quarter worth approximately $139,000. Clear Street LLC raised its stake in shares of Arogo Capital Acquisition by 731.3% during 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 during the period. JPMorgan Chase & Co. acquired a new position in shares of Arogo Capital Acquisition during the 2nd quarter worth approximately $498,000. Finally, Berkley W R Corp acquired a new position in shares of Arogo Capital Acquisition during 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.