Chenghe Acquisition Co. (NASDAQ:CHEA – Get Rating) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totalling 3,500 shares, a decrease of 5.4% from the September 30th total of 3,700 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 23,300 shares, the days-to-cover ratio is presently 0.2 days.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. Prelude Capital Management LLC purchased a new stake in shares of Chenghe Acquisition in the 2nd quarter valued at $2,525,000. Starboard Value LP purchased a new stake in shares of Chenghe Acquisition in the 2nd quarter valued at $500,000. Karpus Management Inc. purchased a new stake in shares of Chenghe Acquisition in the 2nd quarter valued at $470,000. Mizuho Securities USA LLC purchased a new stake in shares of Chenghe Acquisition in the 3rd quarter valued at $453,000. Finally, Skaana Management L.P. purchased a new stake in shares of Chenghe Acquisition in the 2nd quarter valued at $360,000. Institutional investors and hedge funds own 22.83% of the company's stock.
Get Chenghe Acquisition alerts:Chenghe Acquisition Stock Performance
Shares of Chenghe Acquisition stock opened at $10.14 on Tuesday. Chenghe Acquisition has a 12-month low of $9.98 and a 12-month high of $10.17. The company's 50 day moving average is $10.09.
About Chenghe Acquisition
(Get Rating)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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