TRG Latin America Acquisitions Corp. (NASDAQ:TRGS) Sees Large Increase in Short Interest

TRG Latin America Acquisitions Corp. (NASDAQ:TRGS) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 889 shares, a growth of 89.6% from the August 15th total of 469 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 19,449 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings began coverage on TRG Latin America Acquisitions in a research report on Friday, August 14th. They issued a “sell (e)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

TRG Latin America Acquisitions Trading Up 0.1%

Shares of NASDAQ TRGS traded up $0.01 during trading hours on Thursday, reaching $9.97. The stock had a trading volume of 153 shares, compared to its average volume of 14,198. The stock has a fifty day moving average price of $9.94. TRG Latin America Acquisitions has a twelve month low of $9.82 and a twelve month high of $10.10.

About TRG Latin America Acquisitions

TRG Latin America Acquisitions Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more companies. Rather than operating a conventional business or selling products and services, the company’s primary activity is evaluating potential merger, acquisition, or similar transactions.

As its name indicates, TRG Latin America Acquisitions is focused on opportunities involving businesses in Latin America. The company may target companies in a range of industries and geographies across the region, although publicly available information does not establish a completed acquisition or an ongoing operating business.