Chenghe Acquisition III Co. (NASDAQ:CHECW – Get Free Report) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 18,497 shares, a growth 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 currently 1.6 days.
Chenghe Acquisition III Stock Performance
CHECW traded down $0.00 during trading on Wednesday, reaching $0.08. The company had a trading volume of 200 shares, compared to its average volume of 13,149. The business’s fifty day moving average price is $0.12 and its 200 day moving average price is $0.17. Chenghe Acquisition III has a 12 month low of $0.06 and a 12 month high of $0.30.
About Chenghe Acquisition III
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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