Arogo Capital Acquisition Corp. (NASDAQ:AOGO) Sees Significant Increase in Short Interest

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AOGO. Glazer Capital LLC increased its holdings in shares of Arogo Capital Acquisition by 284.1% during the first quarter. Glazer Capital LLC now owns 850,545 shares of the company’s stock valued at $8,880,000 after purchasing an additional 629,108 shares during the period. Spring Creek Capital LLC acquired a new position in shares of Arogo Capital Acquisition during the first quarter valued at $3,946,000. Saba Capital Management L.P. acquired a new position in shares of Arogo Capital Acquisition during the first quarter valued at $3,827,000. Goldman Sachs Group Inc. acquired a new position in shares of Arogo Capital Acquisition during the first quarter valued at $3,495,000. Finally, Fir Tree Capital Management LP acquired a new position in shares of Arogo Capital Acquisition during the first quarter valued at $2,485,000. 41.63% of the stock is owned by institutional investors and hedge funds.

Arogo Capital Acquisition Price Performance

Shares of AOGO traded down $0.02 during trading hours on Monday, reaching $10.90. 265 shares of the company’s stock traded hands, compared to its average volume of 16,036. Arogo Capital Acquisition has a twelve month low of $10.41 and a twelve month high of $11.67. The business’s fifty day simple moving average is $10.81 and its two-hundred day simple moving average is $10.78.

Arogo Capital Acquisition Company Profile

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.