Chenghe Acquisition Co. (NASDAQ:CHEA – Get Rating) was the target of a significant decrease in short interest during the month of December. As of December 30th, there was short interest totalling 2,600 shares, a decrease of 10.3% from the December 15th total of 2,900 shares. Based on an average daily trading volume, of 24,900 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Chenghe Acquisition Price Performance

Shares of NASDAQ CHEA traded down $0.03 during mid-day trading on Monday, reaching $10.37. The company's stock had a trading volume of 980 shares, compared to its average volume of 51,853. The stock has a 50-day moving average of $10.29 and a two-hundred day moving average of $10.15. Chenghe Acquisition has a 1-year low of $9.98 and a 1-year high of $10.40.

Institutional Investors Weigh In On Chenghe Acquisition

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wolverine Asset Management LLC acquired a new stake in Chenghe Acquisition during the third quarter worth about $120,000. Aristeia Capital LLC acquired a new stake in Chenghe Acquisition during the third quarter worth about $290,000. First Trust Capital Management L.P. acquired a new stake in Chenghe Acquisition during the third quarter worth about $290,000. Skaana Management L.P. acquired a new stake in Chenghe Acquisition during the second quarter worth about $360,000. Finally, Linden Advisors LP purchased a new position in Chenghe Acquisition during the third quarter worth about $373,000. 56.69% of the stock is currently owned by institutional investors and hedge funds.

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.

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