Chenghe Acquisition Co. (NASDAQ:CHEA – Get Rating) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totalling 3,500 shares, a decrease of 5.4% from the September 30th total of 3,700 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 23,300 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Prelude Capital Management LLC purchased a new stake in shares of Chenghe Acquisition in the 2nd quarter valued at $2,525,000. Starboard Value LP purchased a new stake in shares of Chenghe Acquisition in the 2nd quarter valued at $500,000. Karpus Management Inc. purchased a new stake in shares of Chenghe Acquisition in the 2nd quarter valued at $470,000. Mizuho Securities USA LLC purchased a new stake in shares of Chenghe Acquisition in the 3rd quarter valued at $453,000. Finally, Skaana Management L.P. purchased a new stake in shares of Chenghe Acquisition in the 2nd quarter valued at $360,000. Institutional investors and hedge funds own 22.83% of the company's stock.

Chenghe Acquisition Stock Performance

Shares of Chenghe Acquisition stock opened at $10.14 on Tuesday. Chenghe Acquisition has a 12-month low of $9.98 and a 12-month high of $10.17. The company's 50 day moving average is $10.09.

About Chenghe Acquisition

Chenghe Acquisition Co 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 identify business opportunities in the field of financial technology or technology-enabled financial service companies, including artificial intelligence, big data, and cloud and blockchain-related initiatives in Asian markets.

Read More

• Get a free copy of the StockNews.com research report on Chenghe Acquisition (CHEA)
• Here's Why Harley-Davidson is Roaring Higher
• As Mega Caps Get Crushed, This Mid Cap Tech Stock Is Crushing It
• Why Investors Are Suddenly Excited About Vaxcyte
• Is The Meta Platforms Stock Meltdown a Rare Buying Opportunity?
• Saia Stock Is Ready To Switch Gears And Move Higher

Receive News & Ratings for Chenghe Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chenghe Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.