TRG Latin America Acquisitions Corp. (NASDAQ:TRGSU) Sees Significant Decline in Short Interest

TRG Latin America Acquisitions Corp. (NASDAQ:TRGSU) was the target of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 62 shares, a decline of 55.1% from the April 30th total of 138 shares. Based on an average daily volume of 716 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised TRG Latin America Acquisitions to a “hold” rating in a report on Saturday, March 14th.

TRG Latin America Acquisitions Stock Performance

Shares of TRG Latin America Acquisitions stock remained flat at $10.07 during trading hours on Friday. The stock’s 50-day simple moving average is $10.02. TRG Latin America Acquisitions has a 52-week low of $9.95 and a 52-week high of $10.25.

About TRG Latin America Acquisitions

We are a blank check company newly incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not identified or selected any potential initial business combination target, and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any potential initial business combination target.