Short Interest in Arogo Capital Acquisition Corp. (NASDAQ:AOGO) Drops By 34.1%

Arogo Capital Acquisition Corp. (NASDAQ:AOGO) was the target of a significant decline in short interest in the month of July. As of July 15th, there was short interest totalling 14,100 shares, a decline of 34.1% from the June 30th total of 21,400 shares. Based on an average daily volume of 9,600 shares, the short-interest ratio is currently 1.5 days. Approximately 1.1% of the shares of the company are short sold.

Arogo Capital Acquisition Stock Performance

Shares of NASDAQ AOGO opened at $10.98 on Friday. Arogo Capital Acquisition has a one year low of $10.50 and a one year high of $11.67. The business has a fifty day simple moving average of $10.96 and a 200 day simple moving average of $10.88.

Hedge Funds Weigh In On Arogo Capital Acquisition

Hedge funds and other institutional investors have recently made changes to their positions in the business. Tidal Investments LLC acquired a new position in shares of Arogo Capital Acquisition in the 1st quarter worth approximately $224,000. K2 Principal Fund L.P. bought a new stake in Arogo Capital Acquisition in the first quarter valued at $788,000. Robinson Capital Management LLC acquired a new position in Arogo Capital Acquisition during the first quarter worth $226,000. Finally, Clear Street LLC lifted its holdings in shares of Arogo Capital Acquisition by 731.3% during the fourth quarter. Clear Street LLC now owns 21,181 shares of the company’s stock valued at $228,000 after acquiring an additional 18,633 shares during the period. 41.63% of the stock is owned by institutional investors.

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.