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

Arogo Capital Acquisition Corp. (NASDAQ:AOGO) saw a large increase in short interest in 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. Based on an average daily volume of 12,000 shares, the short-interest ratio is presently 1.2 days. Approximately 1.7% of the company’s stock are sold short.

Arogo Capital Acquisition Trading Down 0.2 %

Shares of Arogo Capital Acquisition stock opened at $10.88 on Wednesday. The firm’s 50-day moving average is $10.81 and its 200 day moving average is $10.78. Arogo Capital Acquisition has a 1 year low of $10.41 and a 1 year high of $11.67.

Hedge Funds Weigh In On Arogo Capital Acquisition

A number of hedge funds have recently bought and sold shares of the company. Clear Street LLC boosted 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 purchasing an additional 18,633 shares in the last quarter. ATW Spac Management LLC boosted its stake in Arogo Capital Acquisition by 437.4% in the 3rd quarter. ATW Spac Management LLC now owns 63,947 shares of the company’s stock worth $682,000 after purchasing an additional 52,047 shares in the last quarter. K2 Principal Fund L.P. boosted its stake in Arogo Capital Acquisition by 291.0% in the 3rd quarter. K2 Principal Fund L.P. now owns 105,000 shares of the company’s stock worth $1,120,000 after purchasing an additional 78,144 shares in the last quarter. Cowen AND Company LLC boosted its stake in Arogo Capital Acquisition by 30.9% in the 3rd quarter. Cowen AND Company LLC now owns 130,926 shares of the company’s stock worth $1,397,000 after purchasing an additional 30,926 shares in the last quarter. Finally, Periscope Capital Inc. raised its position in Arogo Capital Acquisition by 1.3% in the 3rd quarter. Periscope Capital Inc. now owns 414,688 shares of the company’s stock worth $4,445,000 after buying an additional 5,363 shares during the last quarter. 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.