Patria Latin American Opportunity Acquisition Corp. (NASDAQ:PLAO – Get Rating) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totalling 700 shares, a decrease of 91.4% from the September 30th total of 8,100 shares. Based on an average daily volume of 30,000 shares, the days-to-cover ratio is currently 0.0 days.

Patria Latin American Opportunity Acquisition Stock Performance

NASDAQ:PLAO remained flat at $10.18 during trading on Wednesday. The business has a fifty day moving average price of $10.15. Patria Latin American Opportunity Acquisition has a 1-year low of $9.95 and a 1-year high of $10.60.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PLAO. Segantii Capital Management Ltd purchased a new position in shares of Patria Latin American Opportunity Acquisition during the 2nd quarter valued at $401,000. Sculptor Capital LP purchased a new position in shares of Patria Latin American Opportunity Acquisition during the 2nd quarter valued at $5,015,000. Linden Advisors LP purchased a new position in shares of Patria Latin American Opportunity Acquisition during the 2nd quarter valued at $10,029,000. Millennium Management LLC purchased a new position in shares of Patria Latin American Opportunity Acquisition during the 2nd quarter valued at $2,508,000. Finally, CVI Holdings LLC purchased a new position in shares of Patria Latin American Opportunity Acquisition during the 2nd quarter valued at $1,003,000. Institutional investors own 70.91% of the company's stock.

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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