Patria Latin American Opportunity Acquisition Corp. (NASDAQ:PLAO – Get Rating) was the target of a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 100 shares, a decrease of 90.0% from the August 15th total of 1,000 shares. Based on an average daily trading volume, of 10,600 shares, the short-interest ratio is presently 0.0 days.

Patria Latin American Opportunity Acquisition Price Performance

NASDAQ:PLAO remained flat at $10.15 during midday trading on Thursday. 129,297 shares of the company were exchanged, compared to its average volume of 26,942. Patria Latin American Opportunity Acquisition has a 1-year low of $9.95 and a 1-year high of $10.60. The company's fifty day moving average price is $10.08.

Institutional Investors Weigh In On Patria Latin American Opportunity Acquisition

Hedge funds and other institutional investors have recently made changes to their positions in the business. Segantii Capital Management Ltd bought a new stake in Patria Latin American Opportunity Acquisition during the 2nd quarter valued at approximately $401,000. CVI Holdings LLC bought a new stake in shares of Patria Latin American Opportunity Acquisition in the second quarter valued at approximately $1,003,000. Millennium Management LLC acquired a new stake in shares of Patria Latin American Opportunity Acquisition in the second quarter worth $2,508,000. Sculptor Capital LP bought a new position in Patria Latin American Opportunity Acquisition during the second quarter worth $5,015,000. Finally, Linden Advisors LP acquired a new position in Patria Latin American Opportunity Acquisition during the 2nd quarter valued at $10,029,000. 70.91% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading

• Get a free copy of the StockNews.com research report on Patria Latin American Opportunity Acquisition (PLAO)
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