Valor Latitude Acquisition Corp. (NASDAQ:VLAT – Get Rating) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 6,700 shares, a growth of 26.4% from the August 15th total of 5,300 shares. Based on an average trading volume of 48,700 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company's shares are sold short.

Valor Latitude Acquisition Price Performance

Shares of VLAT stock opened at $9.84 on Friday. The stock has a fifty day moving average of $9.81 and a 200 day moving average of $9.76. Valor Latitude Acquisition has a 52 week low of $9.62 and a 52 week high of $10.30.

Institutional Trading of Valor Latitude Acquisition

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC lifted its stake in Valor Latitude Acquisition by 70.5% in the second quarter. Millennium Management LLC now owns 1,231,619 shares of the company's stock worth $11,996,000 after acquiring an additional 509,296 shares during the period. Silver Rock Financial LP purchased a new position in Valor Latitude Acquisition during the fourth quarter valued at $4,045,000. Glazer Capital LLC purchased a new position in Valor Latitude Acquisition during the fourth quarter valued at $3,893,000. Bank of America Corp DE purchased a new position in Valor Latitude Acquisition during the first quarter valued at $3,503,000. Finally, Saba Capital Management L.P. lifted its position in Valor Latitude Acquisition by 168.1% during the first quarter. Saba Capital Management L.P. now owns 319,000 shares of the company's stock valued at $3,104,000 after buying an additional 200,000 shares during the period. Hedge funds and other institutional investors own 59.00% of the company's stock.

Valor Latitude Acquisition Company Profile

Valor Latitude Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the technology sector in Latin America. The company was incorporated in 2021 and is based in Grand Cayman, the Cayman Islands.

Further Reading

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