TRG Latin America Acquisitions Corp. (NASDAQ:TRGS) Sees Significant Decline in Short Interest

TRG Latin America Acquisitions Corp. (NASDAQ:TRGS) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totaling 4 shares, a drop of 91.5% from the September 30th total of 47 shares. Based on an average daily volume of 17,316 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings initiated coverage on shares of TRG Latin America Acquisitions in a research note on Friday, August 14th. They set a “sell (e)” rating for the company. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock has an average rating of “Sell”.

TRG Latin America Acquisitions Stock Performance

Shares of TRGS stock traded up $0.03 on Tuesday, reaching $9.99. The stock had a trading volume of 127 shares, compared to its average volume of 14,909. TRG Latin America Acquisitions has a 12 month low of $9.82 and a 12 month high of $10.10. The stock’s 50-day moving average price is $9.98.

About TRG Latin America Acquisitions

TRG Latin America Acquisitions Corp. was a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company in Latin America. As a blank-check company, it did not conduct significant commercial operations or offer products and services of its own.

The company focused on opportunities in Latin American markets, seeking a merger, share exchange, asset acquisition, or similar transaction with a target business. Its activities primarily involved evaluating potential acquisition candidates and negotiating a transaction.

TRG Latin America Acquisitions was sponsored and managed by an investment team focused on Latin American opportunities.