Patria Latin American Opportunity Acquisition Corp. (NASDAQ:PLAO) Short Interest Update

Patria Latin American Opportunity Acquisition Corp. (NASDAQ:PLAO) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totalling 1,700 shares, an increase of 240.0% from the June 15th total of 500 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 117,700 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On Patria Latin American Opportunity Acquisition

A number of hedge funds and other institutional investors have recently modified their holdings of PLAO. Westchester Capital Management LLC grew its stake in Patria Latin American Opportunity Acquisition by 22.3% in the 4th quarter. Westchester Capital Management LLC now owns 1,643,137 shares of the company’s stock worth $18,239,000 after acquiring an additional 300,000 shares during the period. Berkley W R Corp boosted its position in shares of Patria Latin American Opportunity Acquisition by 82.9% in the first quarter. Berkley W R Corp now owns 1,520,263 shares of the company’s stock worth $17,164,000 after buying an additional 689,218 shares during the period. Picton Mahoney Asset Management grew its stake in shares of Patria Latin American Opportunity Acquisition by 54.5% in the first quarter. Picton Mahoney Asset Management now owns 892,603 shares of the company’s stock valued at $10,077,000 after buying an additional 315,000 shares in the last quarter. Kim LLC raised its holdings in shares of Patria Latin American Opportunity Acquisition by 69.5% during the 4th quarter. Kim LLC now owns 805,000 shares of the company’s stock valued at $8,936,000 after buying an additional 330,000 shares during the period. Finally, Cowen AND Company LLC lifted its position in Patria Latin American Opportunity Acquisition by 62.1% during the 4th quarter. Cowen AND Company LLC now owns 790,006 shares of the company’s stock worth $8,769,000 after acquiring an additional 302,581 shares in the last quarter. 72.25% of the stock is currently owned by hedge funds and other institutional investors.

Patria Latin American Opportunity Acquisition Stock Up 0.7 %

Shares of PLAO traded up $0.07 during trading hours on Friday, reaching $11.53. 3,815 shares of the company traded hands, compared to its average volume of 127,505. The stock has a fifty day simple moving average of $11.42 and a 200 day simple moving average of $11.30. Patria Latin American Opportunity Acquisition has a fifty-two week low of $10.77 and a fifty-two week high of $11.97.

Patria Latin American Opportunity Acquisition Company Profile

Patria Latin American Opportunity Acquisition Corp. does not have significant operations. It intends to effect 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.