Patria Latin American Opportunity Acquisition Corp. (NASDAQ:PLAOU – Get Rating) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totalling 2,200 shares, a drop of 24.1% from the July 15th total of 2,900 shares. Based on an average daily trading volume, of 6,700 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the company's stock are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. OLD Mission Capital LLC lifted its holdings in Patria Latin American Opportunity Acquisition by 13.0% in the second quarter. OLD Mission Capital LLC now owns 11,298 shares of the company's stock valued at $114,000 after acquiring an additional 1,298 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new position in Patria Latin American Opportunity Acquisition in the first quarter valued at approximately $101,000. Jane Street Group LLC acquired a new position in Patria Latin American Opportunity Acquisition in the first quarter valued at approximately $144,000. Ergoteles LLC purchased a new stake in Patria Latin American Opportunity Acquisition in the first quarter valued at approximately $150,000. Finally, Virtu Financial LLC purchased a new stake in Patria Latin American Opportunity Acquisition in the first quarter valued at approximately $184,000.

Patria Latin American Opportunity Acquisition Price Performance

Shares of NASDAQ PLAOU traded down $0.03 during mid-day trading on Friday, reaching $10.10. 507 shares of the company's stock traded hands, compared to its average volume of 63,162. The business has a 50-day moving average of $10.08. Patria Latin American Opportunity Acquisition has a 1-year low of $10.02 and a 1-year high of $10.21.

About Patria Latin American Opportunity Acquisition

Patria Latin American Opportunity Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to focus its search on companies in the healthcare, food and beverage, logistics, agribusiness, education, and financial services sectors primarily in Latin America.

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