TRG Latin America Acquisitions Corp. (NASDAQ:TRGS) Sees Large Growth in Short Interest

TRG Latin America Acquisitions Corp. (NASDAQ:TRGS) was the target of a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 49 shares, a growth of 1,125.0% from the October 15th total of 4 shares. Based on an average daily trading volume, of 9,580 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings started coverage on shares of TRG Latin America Acquisitions in a research note on Friday, August 14th. They set a “sell (e)” rating for the company. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

TRG Latin America Acquisitions Price Performance

Shares of NASDAQ TRGS traded up $0.02 during mid-day trading on Tuesday, hitting $9.99. 100,175 shares of the company were exchanged, compared to its average volume of 15,280. The business’s 50 day moving average is $9.99. TRG Latin America Acquisitions has a 1-year low of $9.82 and a 1-year high of $10.10.

About TRG Latin America Acquisitions

TRG Latin America Acquisitions Corp. was a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company in Latin America. As a blank-check company, it did not conduct significant commercial operations or offer products and services of its own. The company focused on opportunities in Latin American markets, seeking a merger, share exchange, asset acquisition, or similar transaction with a target business. Its activities primarily involved evaluating potential acquisition candidates and negotiating a transaction.