Chenghe Acquisition Co. (NASDAQ:CHEA – Get Rating) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totalling 3,800 shares, a decrease of 40.6% from the August 31st total of 6,400 shares. Based on an average daily trading volume, of 9,600 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the company's stock are short sold.

Chenghe Acquisition Stock Performance

Shares of NASDAQ:CHEA remained flat at $10.07 during trading on Friday. The company's 50-day moving average price is $10.06. Chenghe Acquisition has a one year low of $9.98 and a one year high of $10.12.

Institutional Investors Weigh In On Chenghe Acquisition

Institutional investors have recently made changes to their positions in the company. Prelude Capital Management LLC purchased a new stake in shares of Chenghe Acquisition during the second quarter valued at approximately $2,525,000. Karpus Management Inc. purchased a new stake in Chenghe Acquisition in the second quarter worth approximately $470,000. Starboard Value LP purchased a new stake in Chenghe Acquisition in the second quarter worth approximately $500,000. Finally, Skaana Management L.P. purchased a new stake in Chenghe Acquisition in the second quarter worth approximately $360,000. Hedge funds and other institutional investors own 22.83% of the company's stock.

Chenghe Acquisition Company Profile

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.

Recommended Stories

• Get a free copy of the StockNews.com research report on Chenghe Acquisition (CHEA)
• This Is A Memorable Time To Buy Into Micron Technology
• Declining Profits Challenge the CarMax Value Proposition
• How Does Keurig Dr Pepper Compare To Larger Rivals Coke & Pepsi?
• Thor Industries Hammers Out A Bottom
• Let Paychex Stock Work Hard For You

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.