Patria Latin American Opportunity Acquisition Corp. (NASDAQ:PLAO) Sees Significant Decline in Short Interest

Patria Latin American Opportunity Acquisition Corp. (NASDAQ:PLAO – Get Rating) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 100 shares, a drop of 50.0% from the April 30th total of 200 shares. Based on an average daily trading volume, of 44,300 shares, the short-interest ratio is currently 0.0 days.

Patria Latin American Opportunity Acquisition Trading Up 0.0 %

Shares of PLAO stock traded up $0.01 during trading hours on Friday, hitting $10.63. 57,593 shares of the company were exchanged, compared to its average volume of 94,893. The firm has a fifty day simple moving average of $10.57 and a 200 day simple moving average of $10.46. Patria Latin American Opportunity Acquisition has a 52-week low of $9.99 and a 52-week high of $11.05.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Quarry LP bought a new position in Patria Latin American Opportunity Acquisition in the 1st quarter valued at $53,000. Meteora Capital LLC bought a new position in Patria Latin American Opportunity Acquisition in the 4th quarter valued at $114,000. Schonfeld Strategic Advisors LLC bought a new position in Patria Latin American Opportunity Acquisition in the 1st quarter valued at $158,000. Sea Otter Advisors LLC bought a new position in Patria Latin American Opportunity Acquisition in the 1st quarter valued at $264,000. Finally, Captrust Financial Advisors bought a new position in Patria Latin American Opportunity Acquisition in the 3rd quarter valued at $698,000. 64.31% of the stock is owned by institutional investors.

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.