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

by · The Cerbat Gem

TRG Latin America Acquisitions Corp. (NASDAQ:TRGS – Get Free Report) was the recipient of a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 49 shares, an increase of 1,125.0% from the October 15th total of 4 shares. Based on an average daily volume of 9,580 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings initiated coverage on TRG Latin America Acquisitions in a report on Friday, August 14th. They issued a “sell (e)” rating for the company. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has an average rating of “Sell”.

View Our Latest Analysis on TRG Latin America Acquisitions

TRG Latin America Acquisitions Stock Up 0.2%

TRGS traded up $0.02 during trading hours on Tuesday, hitting $9.99. 100,175 shares of the company’s stock were exchanged, compared to its average volume of 15,280. TRG Latin America Acquisitions has a 12-month low of $9.82 and a 12-month high of $10.10. The stock’s 50 day moving average price is $9.99.

TRG Latin America Acquisitions Company Profile

(Get Free Report)

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.

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