Arogo Capital Acquisition Corp. (NASDAQ:AOGO – Get Rating) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 1,700 shares, a drop of 5.6% from the September 15th total of 1,800 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 10,600 shares, the days-to-cover ratio is presently 0.2 days.

Arogo Capital Acquisition Stock Performance

Shares of NASDAQ:AOGO opened at $10.02 on Wednesday. The firm's 50 day moving average is $9.96 and its two-hundred day moving average is $9.97. Arogo Capital Acquisition has a 52 week low of $9.80 and a 52 week high of $10.00.

Institutional Investors Weigh In On Arogo Capital Acquisition

Several large investors have recently made changes to their positions in the company. Walleye Capital LLC acquired a new stake in shares of Arogo Capital Acquisition in the second quarter valued at approximately $1,200,000. Cubist Systematic Strategies LLC increased its stake in shares of Arogo Capital Acquisition by 2,292.8% during the second quarter. Cubist Systematic Strategies LLC now owns 253,498 shares of the company's stock valued at $2,522,000 after acquiring an additional 242,904 shares during the period. Millennium Management LLC acquired a new position in shares of Arogo Capital Acquisition during the second quarter valued at approximately $1,243,000. RPO LLC acquired a new position in shares of Arogo Capital Acquisition during the second quarter valued at approximately $160,000. Finally, Yakira Capital Management Inc. acquired a new position in shares of Arogo Capital Acquisition during the second quarter valued at approximately $5,797,000. Institutional investors and hedge funds own 66.23% of the company's stock.

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 electric vehicles technology, smart mobility or sustainable transportation, and related businesses.

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