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

Patria Latin American Opportunity Acquisition Corp. (NASDAQ:PLAO - Get Free Report) was the target of a significant decline in short interest in the month of April. As of April 30th, there was short interest totalling 1,000 shares, a decline of 28.6% from the April 15th total of 1,400 shares. Based on an average daily trading volume, of 48,300 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company's shares are short sold.

Patria Latin American Opportunity Acquisition Price Performance

PLAO remained flat at $11.36 during trading hours on Friday. The company had a trading volume of 192 shares, compared to its average volume of 53,551. The company's 50-day moving average price is $11.30 and its 200-day moving average price is $11.18. Patria Latin American Opportunity Acquisition has a one year low of $10.59 and a one year high of $11.97.

Institutional Trading of Patria Latin American Opportunity Acquisition

A number of large investors have recently made changes to their positions in the stock. Westchester Capital Management LLC increased its holdings in Patria Latin American Opportunity Acquisition by 22.3% during the 4th quarter. Westchester Capital Management LLC now owns 1,643,137 shares of the company's stock worth $18,239,000 after purchasing an additional 300,000 shares during the period. Picton Mahoney Asset Management grew its position in shares of Patria Latin American Opportunity Acquisition by 54.5% during the 1st quarter. Picton Mahoney Asset Management now owns 892,603 shares of the company's stock worth $10,077,000 after buying an additional 315,000 shares in the last quarter. Kim LLC increased its stake in shares of Patria Latin American Opportunity Acquisition by 69.5% during the fourth 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. Cowen AND Company LLC raised its holdings in shares of Patria Latin American Opportunity Acquisition by 62.1% in the fourth quarter. Cowen AND Company LLC now owns 790,006 shares of the company's stock valued at $8,769,000 after acquiring an additional 302,581 shares in the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in Patria Latin American Opportunity Acquisition in the fourth quarter worth about $8,422,000. 72.25% of the stock is owned by hedge funds and other institutional investors.

Patria Latin American Opportunity Acquisition Company Profile

Patria Latin American Opportunity Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, ordinary shares purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Grand Cayman, the Cayman Islands.