Chenghe Acquisition I Co. (NASDAQ:LATG) Short Interest Down 12.5% in June

Chenghe Acquisition I Co. (NASDAQ:LATG) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totalling 700 shares, a drop of 12.5% from the June 15th total of 800 shares. Based on an average daily volume of 1,300 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the company’s shares are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Wolverine Asset Management LLC lifted its stake in Chenghe Acquisition I by 87.9% during the 4th quarter. Wolverine Asset Management LLC now owns 251,527 shares of the company’s stock worth $2,774,000 after acquiring an additional 117,641 shares in the last quarter. BCK Capital Management LP boosted its stake in shares of Chenghe Acquisition I by 14.1% in the fourth quarter. BCK Capital Management LP now owns 84,734 shares of the company’s stock valued at $935,000 after purchasing an additional 10,466 shares during the period. Picton Mahoney Asset Management acquired a new position in shares of Chenghe Acquisition I in the fourth quarter valued at approximately $1,700,000. Robinson Capital Management LLC acquired a new position in shares of Chenghe Acquisition I in the fourth quarter valued at approximately $135,000. Finally, Cowen AND Company LLC purchased a new stake in Chenghe Acquisition I during the 4th quarter worth approximately $1,244,000. 50.85% of the stock is currently owned by hedge funds and other institutional investors.

Chenghe Acquisition I Stock Performance

NASDAQ LATG remained flat at $11.41 during trading hours on Monday. Chenghe Acquisition I has a 1 year low of $10.67 and a 1 year high of $11.76. The company has a market capitalization of $82.04 million, a PE ratio of -63.39 and a beta of -0.01. The business has a fifty day simple moving average of $11.37 and a 200 day simple moving average of $11.24.

Chenghe Acquisition I (NASDAQ:LATG) last issued its quarterly earnings data on Friday, May 17th. The company reported ($0.10) EPS for the quarter.

About Chenghe Acquisition I

Chenghe Acquisition I Co does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to focus search for an initial business combination in the TMT, green energy, biotechnology, optoelectronics, and other sectors in the Asia Pacific.