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

Patria Latin American Opportunity Acquisition Corp. (NASDAQ:PLAO) was the recipient of a significant increase in short interest in March. As of March 15th, there was short interest totalling 1,600 shares, an increase of 1,500.0% from the February 29th total of 100 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 45,300 shares, the short-interest ratio is currently 0.0 days.

Institutional Investors Weigh In On Patria Latin American Opportunity Acquisition

Large investors have recently modified their holdings of the business. Westchester Capital Management LLC boosted 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 purchasing an additional 300,000 shares in the last quarter. Castle Creek Arbitrage LLC lifted its stake in shares of Patria Latin American Opportunity Acquisition by 321.8% during the second quarter. Castle Creek Arbitrage LLC now owns 1,054,405 shares of the company’s stock worth $11,324,000 after buying an additional 804,407 shares during the period. Berkley W R Corp purchased a new stake in shares of Patria Latin American Opportunity Acquisition during the second quarter valued at $8,925,000. Kim LLC increased its position in shares of Patria Latin American Opportunity Acquisition by 69.5% in the 4th quarter. Kim LLC now owns 805,000 shares of the company’s stock valued at $8,936,000 after acquiring an additional 330,000 shares during the period. Finally, Cowen AND Company LLC increased its position in shares of Patria Latin American Opportunity Acquisition by 62.1% in the 4th 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 during the period. Hedge funds and other institutional investors own 72.25% of the company’s stock.

Patria Latin American Opportunity Acquisition Trading Up 0.2 %

PLAO opened at $11.29 on Thursday. The business’s 50-day moving average is $11.23 and its two-hundred day moving average is $11.10. Patria Latin American Opportunity Acquisition has a 1 year low of $10.53 and a 1 year high of $11.97.

About Patria Latin American Opportunity Acquisition

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.