Chenghe Acquisition Co. (NASDAQ:CHEA – Get Rating) saw a significant growth in short interest in November. As of November 15th, there was short interest totalling 11,400 shares, a growth of 418.2% from the October 31st total of 2,200 shares. Based on an average daily volume of 22,600 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Trading of Chenghe Acquisition

Large investors have recently bought and sold shares of the stock. Skaana Management L.P. bought a new stake in shares of Chenghe Acquisition in the 2nd quarter worth about $360,000. Starboard Value LP acquired a new stake in shares of Chenghe Acquisition during the second quarter worth approximately $500,000. Karpus Management Inc. bought a new position in shares of Chenghe Acquisition in the second quarter valued at approximately $470,000. Prelude Capital Management LLC acquired a new position in shares of Chenghe Acquisition in the 2nd quarter worth approximately $2,525,000. Finally, Mizuho Securities USA LLC acquired a new position in shares of Chenghe Acquisition in the 3rd quarter worth approximately $453,000. 22.83% of the stock is currently owned by institutional investors.

Chenghe Acquisition Stock Up 0.1 %

Shares of CHEA opened at $10.23 on Tuesday. Chenghe Acquisition has a 1 year low of $9.98 and a 1 year high of $10.23. The stock has a 50 day moving average of $10.15.

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.

Read More

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