Chenghe Acquisition I Co. (NASDAQ:LATG) short interest fell 14.3% in July

Chenghe Acquisition I Co. (NASDAQ:LATG – Get Free Report ) saw a significant decrease in short interest during the month of July. As of July 31st, there was short interest of 600 shares, a decrease of 14.3% from July 15th’s total of 700 shares. Based on an average daily volume of 1,500 shares, the short interest rate is currently 0.4 days. Currently, 0.0% of the company’s shares are short sold.

Chenghe Purchase I Stock performance

Shares of NASDAQ LATG opened at $11.49 on Friday. The firm has a market cap of $82.64 million, a P/E ratio of -63.83 and a beta of -0.01. Chenghe Acquisition I has a 1 year low of $10.75 and a 1 year high of $11.76. The company’s 50-day moving average is $11.42 and its 200-day moving average is $11.31.

Chenghe Acquisition I (NASDAQ:LATG – Get Free Report ) last announced its earnings results on Friday, May 17th. The company reported ($0.10) earnings per share for the quarter.

Hedge funds influence the purchase of Chenghe I

A number of large investors have recently made changes to their positions in the company. Robinson Capital Management LLC bought a new position in Chenghe Acquisition I during the 4th quarter worth $135,000. BCK Capital Management LP boosted its stake in Chenghe Acquisition I by 14.1% in the 4th quarter. BCK Capital Management LP now owns 84,734 shares of the company’s stock worth $935,000 after acquiring an additional 10,466 shares during the period. Cowen AND Company LLC bought a new position in Chenghe Acquisition I during the 4th quarter worth $1,244,000. Spartan Fund Management Inc. bought a new position in Chenghe Acquisition I in the first quarter worth $1,404,000. Finally, K2 Principal Fund LP bought a new position in Chenghe Acquisition I during the 4th quarter worth $1,594,000. Institutional investors own 50.85% of the company’s shares.

Chenghe Acquisition I Company Profile

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Chenghe Acquisition I Co has no significant operations. The Company is engaged in a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. It plans to focus on seeking an initial business combination in TMT, green energy, biotechnology, optoelectronics and other sectors in Asia Pacific.

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