Patria Latin American Opportunity Acquisition Corp. (NASDAQ:PLAO – Get Rating) was the target of a significant decline in short interest in the month of August. As of August 15th, there was short interest totalling 1,000 shares, a decline of 33.3% from the July 31st total of 1,500 shares. Based on an average trading volume of 7,200 shares, the days-to-cover ratio is currently 0.1 days.

Patria Latin American Opportunity Acquisition Stock Performance

NASDAQ PLAO remained flat at $10.10 on Monday. 1,778 shares of the company were exchanged, compared to its average volume of 13,724. The business has a 50 day moving average of $10.07. Patria Latin American Opportunity Acquisition has a twelve month low of $9.95 and a twelve month high of $10.35.

Institutional Trading of Patria Latin American Opportunity Acquisition

Several large investors have recently added to or reduced their stakes in PLAO. Segantii Capital Management Ltd bought a new stake in Patria Latin American Opportunity Acquisition during the second quarter worth about $401,000. Sculptor Capital LP bought a new stake in Patria Latin American Opportunity Acquisition during the second quarter worth about $5,015,000. Linden Advisors LP bought a new stake in Patria Latin American Opportunity Acquisition during the second quarter worth about $10,029,000. Millennium Management LLC bought a new stake in Patria Latin American Opportunity Acquisition during the second quarter worth about $2,508,000. Finally, CVI Holdings LLC bought a new stake in Patria Latin American Opportunity Acquisition during the second quarter worth about $1,003,000.

About Patria Latin American Opportunity Acquisition

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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