Patria Latin American Opportunity Acquisition Corp. (NASDAQ:PLAO – Get Rating) was the target of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 2,700 shares, a growth of 285.7% from the October 15th total of 700 shares. Based on an average daily trading volume, of 30,300 shares, the days-to-cover ratio is presently 0.1 days.
Patria Latin American Opportunity Acquisition Price Performance
Shares of PLAO remained flat at $10.23 during mid-day trading on Friday. The stock had a trading volume of 5 shares, compared to its average volume of 1,657. The business's fifty day moving average is $10.18. Patria Latin American Opportunity Acquisition has a 1-year low of $9.95 and a 1-year high of $10.60.
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Hedge Funds Weigh In On Patria Latin American Opportunity Acquisition
Several hedge funds and other institutional investors have recently bought and sold shares of PLAO. Linden Advisors LP purchased a new position in Patria Latin American Opportunity Acquisition during the second quarter worth $10,029,000. Sculptor Capital LP purchased a new position in Patria Latin American Opportunity Acquisition during the second quarter worth $5,015,000. Millennium Management LLC purchased a new position in Patria Latin American Opportunity Acquisition during the second quarter worth $2,508,000. CVI Holdings LLC purchased a new position in Patria Latin American Opportunity Acquisition during the second quarter worth $1,003,000. Finally, Segantii Capital Management Ltd purchased a new position in Patria Latin American Opportunity Acquisition during the second quarter worth $401,000. 70.91% of the stock is owned by institutional investors and hedge funds.
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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