GoGreen Investments Co. (NYSE:GOGN) sees sharp drop in short-term interest

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GoGreen Investments Co. (NYSE:GOGN – Get Rating) was the target of a sharp decline in short interest during the month of April. As of April 30, there were short interests totaling 800 shares, down 42.9% from April 15’s total of 1,400 shares. Based on an average daily trading volume of 64,700 shares, the day-to-cover ratio is currently 0.0 day.

NYSE: GOGN fell $0.04 on Friday, reaching $9.99. 11,353 shares of the stock were traded, against an average volume of 41,274. The company has a 50-day moving average of $10.01. GoGreen Investments has a 1 year minimum of $9.86 and a 1 year maximum of $10.61.

Major investors have recently increased or reduced their stakes in the company. Bank of Montreal Can acquired a new equity stake in GoGreen Investments during Q1 worth approximately $6,733,000. Starboard Value LP acquired a new equity stake in GoGreen Investments during Q4 for a value of approximately $5,437,000. Beryl Capital Management LLC acquired a new stake in GoGreen Investments in Q4 valued at $4,519,000. Oaktree Capital Management LP acquired a new stake in GoGreen Investments in Q4 valued at $2,973,000. Finally, HighTower Advisors LLC acquired a new stake in GoGreen Investments in the 4th quarter at a value of $2,964,000. 49.00% of the shares are held by institutional investors and hedge funds.

About GoGreen Investments (Get a rating)

GoGreen Investments Corporation has no significant activities. It intends to effect a merger, stock exchange, stock purchase, reorganization or similar business combination with one or more companies in the power generation, industrial , transport or others. The company was incorporated in 2021 and is based in Houston, Texas.

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