Short Interest in Patria Latin American Opportunity Acquisition Corp. (NASDAQ:PLAO) Rises By 240.0%

Patria Latin American Opportunity Acquisition Corp. (NASDAQ:PLAO) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totalling 1,700 shares, a growth of 240.0% from the June 15th total of 500 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 117,700 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On Patria Latin American Opportunity Acquisition

Several large investors have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new position in shares of Patria Latin American Opportunity Acquisition in the 1st quarter worth approximately $128,000. Berkley W R Corp lifted its holdings in Patria Latin American Opportunity Acquisition by 82.9% during the 1st quarter. Berkley W R Corp now owns 1,520,263 shares of the company’s stock worth $17,164,000 after buying an additional 689,218 shares in the last quarter. Mizuho Securities USA LLC lifted its holdings in Patria Latin American Opportunity Acquisition by 30.5% during the 1st quarter. Mizuho Securities USA LLC now owns 554,741 shares of the company’s stock worth $6,213,000 after buying an additional 129,741 shares in the last quarter. Picton Mahoney Asset Management lifted its holdings in 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. Finally, Wealthspring Capital LLC acquired a new stake in Patria Latin American Opportunity Acquisition during the 1st quarter worth approximately $3,430,000. 72.25% of the stock is currently owned by institutional investors and hedge funds.

Patria Latin American Opportunity Acquisition Stock Performance

Shares of PLAO stock traded down $0.01 during trading hours on Thursday, hitting $11.46. The company had a trading volume of 389,956 shares, compared to its average volume of 128,943. The company’s fifty day moving average is $11.41 and its 200 day moving average is $11.29. Patria Latin American Opportunity Acquisition has a fifty-two week low of $10.76 and a fifty-two week 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, 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.