Patria Latin American Opportunity Acquisition Corp. (NASDAQ:PLAO – Get Rating) was the target of a large increase in short interest in September. As of September 30th, there was short interest totalling 8,100 shares, an increase of 636.4% from the September 15th total of 1,100 shares. Based on an average trading volume of 29,400 shares, the days-to-cover ratio is currently 0.3 days.
Patria Latin American Opportunity Acquisition Stock Performance
Shares of NASDAQ:PLAO remained flat at $10.19 during mid-day trading on Wednesday. 33,291 shares of the company traded hands, compared to its average volume of 34,913. Patria Latin American Opportunity Acquisition has a fifty-two week low of $9.95 and a fifty-two week high of $10.60. The firm's 50-day moving average price is $10.13.
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Institutional Investors Weigh In On Patria Latin American Opportunity Acquisition
Several hedge funds have recently made changes to their positions in PLAO. Segantii Capital Management Ltd purchased a new stake in shares of Patria Latin American Opportunity Acquisition in the 2nd quarter valued at approximately $401,000. CVI Holdings LLC purchased a new stake in Patria Latin American Opportunity Acquisition in the 2nd quarter worth approximately $1,003,000. Millennium Management LLC purchased a new stake in Patria Latin American Opportunity Acquisition in the 2nd quarter worth approximately $2,508,000. Sculptor Capital LP purchased a new stake in Patria Latin American Opportunity Acquisition in the 2nd quarter worth approximately $5,015,000. Finally, Linden Advisors LP purchased a new stake in Patria Latin American Opportunity Acquisition in the 2nd quarter worth approximately $10,029,000. Hedge funds and other institutional investors own 70.91% of the company's stock.
About Patria Latin American Opportunity Acquisition
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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.
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