Glazer Capital LLC Trims Stock Position in Chenghe Acquisition I Co. (NASDAQ:LATG)

Glazer Capital LLC cut its position in Chenghe Acquisition I Co. (NASDAQ:LATG) by 80.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 45,073 shares of the company’s stock after selling 185,244 shares during the quarter. Glazer Capital LLC’s holdings in Chenghe Acquisition I were worth $522,000 at the end of the most recent reporting period.

Separately, Wolverine Asset Management LLC raised its position in shares of Chenghe Acquisition I by 4.7% in the third quarter. Wolverine Asset Management LLC now owns 374,414 shares of the company’s stock worth $4,338,000 after buying an additional 16,692 shares in the last quarter. Institutional investors and hedge funds own 50.85% of the company’s stock.

Chenghe Acquisition I Stock Performance

Chenghe Acquisition I stock opened at $11.68 on Friday. The business has a 50-day simple moving average of $11.64 and a 200 day simple moving average of $11.50. Chenghe Acquisition I Co. has a 52 week low of $10.96 and a 52 week high of $11.75.

Chenghe Acquisition I Company Profile

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.