Short Interest in Patria Latin American Opportunity Acquisition Corp. (NASDAQ:PLAO) Expands By 1,500.0%

Patria Latin American Opportunity Acquisition Corp. (NASDAQ:PLAO) was the target of a large 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. Based on an average daily volume of 45,300 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On Patria Latin American Opportunity Acquisition

Several institutional investors have recently bought and sold shares of PLAO. Shaolin Capital Management LLC raised its position in shares of Patria Latin American Opportunity Acquisition by 179.2% during the 3rd quarter. Shaolin Capital Management LLC now owns 475,000 shares of the company’s stock valued at $5,220,000 after buying an additional 1,075,000 shares in the last quarter. Berkley W R Corp purchased a new stake in Patria Latin American Opportunity Acquisition during the second quarter valued at approximately $8,925,000. Castle Creek Arbitrage LLC lifted its stake in shares of Patria Latin American Opportunity Acquisition by 321.8% in the 2nd quarter. Castle Creek Arbitrage LLC now owns 1,054,405 shares of the company’s stock valued at $11,324,000 after purchasing an additional 804,407 shares during the last quarter. Hsbc Holdings PLC purchased a new position in shares of Patria Latin American Opportunity Acquisition in the 4th quarter worth approximately $8,422,000. Finally, Quarry LP boosted its holdings in shares of Patria Latin American Opportunity Acquisition by 12,004.5% in the 2nd quarter. Quarry LP now owns 605,226 shares of the company’s stock worth $6,500,000 after purchasing an additional 600,226 shares during the period. Institutional investors own 72.25% of the company’s stock.

Patria Latin American Opportunity Acquisition Price Performance

Shares of PLAO remained flat at $11.29 during midday trading on Friday. 17,024 shares of the company’s stock traded hands, compared to its average volume of 13,700. The firm has a 50 day simple moving average of $11.23 and a 200 day simple moving average of $11.10. Patria Latin American Opportunity Acquisition has a twelve month low of $10.53 and a twelve month 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.