Polar Asset Management Partners Inc. Sells 325,000 Shares of Chenghe Acquisition I Co. (NASDAQ:LATG)

Polar Asset Management Partners Inc. reduced its stake in shares of Chenghe Acquisition I Co. (NASDAQ:LATG) by 47.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 360,067 shares of the company’s stock after selling 325,000 shares during the period. Polar Asset Management Partners Inc. owned 0.05% of Chenghe Acquisition I worth $4,171,000 at the end of the most recent quarter.

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

Chenghe Acquisition I Price Performance

Shares of NASDAQ LATG opened at $11.75 on Thursday. The business’s 50 day moving average is $11.65 and its two-hundred day moving average is $11.51. Chenghe Acquisition I Co. has a 1-year low of $10.96 and a 1-year high of $11.78. The stock has a market capitalization of $84.51 million, a P/E ratio of -33.57 and a beta of -0.01.

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.