Arogo Capital Acquisition Corp. (NASDAQ:AOGO) Short Interest Up 10.8% in September

Posted by ABMN Staff on Sep 30th, 2024

Arogo Capital Acquisition Corp. (NASDAQ:AOGO – Get Free Report) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totalling 16,400 shares, an increase of 10.8% from the August 31st total of 14,800 shares. Based on an average daily trading volume, of 5,700 shares, the days-to-cover ratio is presently 2.9 days. Currently, 0.5% of the shares of the company are short sold.

Arogo Capital Acquisition Price Performance

Arogo Capital Acquisition stock opened at $11.05 on Monday. Arogo Capital Acquisition has a 52 week low of $10.50 and a 52 week high of $11.64. The company’s 50 day moving average price is $10.97 and its two-hundred day moving average price is $10.93.

Hedge Funds Weigh In On Arogo Capital Acquisition

Several hedge funds have recently modified their holdings of the company. Clear Street LLC lifted its position in shares of Arogo Capital Acquisition by 10.9% during the 2nd quarter. Clear Street LLC now owns 137,370 shares of the company’s stock worth $1,508,000 after buying an additional 13,508 shares in the last quarter. Robinson Capital Management LLC bought a new stake in shares of Arogo Capital Acquisition in the 1st quarter worth approximately $226,000. Tidal Investments LLC bought a new stake in shares of Arogo Capital Acquisition in the 1st quarter worth approximately $224,000. K2 Principal Fund L.P. bought a new stake in shares of Arogo Capital Acquisition in the 1st quarter worth approximately $788,000. Finally, Warberg Asset Management LLC bought a new stake in shares of Arogo Capital Acquisition in the 2nd quarter worth approximately $876,000. Institutional investors own 41.63% of the company’s stock.

About Arogo Capital Acquisition

(Get Free Report)

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.