Chenghe Acquisition III Co. (NASDAQ:CHECW – Get Free Report) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 18,497 shares, an increase of 143.1% from the September 15th total of 7,608 shares. Based on an average daily volume of 11,923 shares, the short-interest ratio is presently 1.6 days.
Chenghe Acquisition III Price Performance
Shares of CHECW opened at $0.06 on Thursday. Chenghe Acquisition III has a 1 year low of $0.06 and a 1 year high of $0.30. The stock has a 50 day simple moving average of $0.12 and a 200-day simple moving average of $0.17.
Chenghe Acquisition III Company Profile
Chenghe Acquisition III Corp. is a blank-check company, also known as a special purpose acquisition company (SPAC), organized to identify and complete a business combination with one or more private companies. Its potential transaction could take the form of a merger, share exchange, asset acquisition, reorganization or similar arrangement.
As a SPAC, Chenghe Acquisition III does not have established commercial operations, proprietary products or recurring operating services of its own.
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