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GoGreen Investments Co. (NYSE:GOGN) Sees Large Decline in Short Interest

GoGreen Investments Co. (NYSE:GOGNGet Rating) was the target of a large drop in short interest during the month of April. As of April 30th, there was short interest totalling 800 shares, a drop of 42.9% from the April 15th total of 1,400 shares. Based on an average daily trading volume, of 64,700 shares, the days-to-cover ratio is currently 0.0 days.

NYSE:GOGN traded down $0.04 on Friday, reaching $9.99. 11,353 shares of the stock traded hands, compared to its average volume of 41,274. The firm has a 50 day moving average of $10.01. GoGreen Investments has a 1-year low of $9.86 and a 1-year high of $10.61.

Large investors have recently added to or reduced their stakes in the business. Bank of Montreal Can acquired a new stake in shares of GoGreen Investments during the 1st quarter worth approximately $6,733,000. Starboard Value LP acquired a new stake in shares of GoGreen Investments during the 4th quarter worth approximately $5,437,000. Beryl Capital Management LLC acquired a new stake in GoGreen Investments in the 4th quarter valued at $4,519,000. Oaktree Capital Management LP acquired a new stake in GoGreen Investments in the 4th quarter valued at $2,973,000. Finally, HighTower Advisors LLC acquired a new stake in GoGreen Investments in the 4th quarter valued at $2,964,000. 49.00% of the stock is owned by institutional investors and hedge funds.

About GoGreen Investments (Get Rating)

GoGreen Investments Corporation does not have significant operations. It intends to effect a merger, share exchange, share purchase, reorganization, or similar business combination with one or more businesses in the power generation, industrial, transportation, or other industries. The company was incorporated in 2021 and is based in Houston, Texas.

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