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

Arogo Capital Acquisition Corp. (NASDAQ:AOGO) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 16,400 shares, a growth 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 stock are short sold.

Arogo Capital Acquisition Stock Performance

NASDAQ:AOGO remained flat at $11.05 during mid-day trading on Friday. The business’s 50 day moving average is $10.97 and its 200-day moving average is $10.93. Arogo Capital Acquisition has a 52 week low of $10.50 and a 52 week high of $11.64.

Hedge Funds Weigh In On Arogo Capital Acquisition

A number of large investors have recently bought and sold shares of the stock. Clear Street LLC increased its stake in Arogo Capital Acquisition by 10.9% in the 2nd quarter. Clear Street LLC now owns 137,370 shares of the company’s stock worth $1,508,000 after purchasing an additional 13,508 shares during the period. Warberg Asset Management LLC purchased a new position in shares of Arogo Capital Acquisition during the second quarter valued at approximately $876,000. Tidal Investments LLC purchased a new position in shares of Arogo Capital Acquisition during the first quarter valued at approximately $224,000. K2 Principal Fund L.P. purchased a new position in shares of Arogo Capital Acquisition during the first quarter valued at approximately $788,000. Finally, Robinson Capital Management LLC purchased a new position in shares of Arogo Capital Acquisition during the first quarter valued at approximately $226,000. 41.63% of the stock is owned by hedge funds and other institutional investors.

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.