Global Lights Acquisition Corp (NASDAQ:GLAC) Short Interest Update

by · The Markets Daily

Global Lights Acquisition Corp (NASDAQ:GLAC – Get Free Report) was the target of a large growth in short interest in December. As of December 15th, there was short interest totalling 1,300 shares, a growth of 225.0% from the November 30th total of 400 shares. Based on an average trading volume of 72,500 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Global Lights Acquisition Stock Performance

Shares of Global Lights Acquisition stock traded down $0.01 during trading on Thursday, reaching $10.65. The stock had a trading volume of 3,600 shares, compared to its average volume of 48,093. The stock has a fifty day moving average price of $10.60 and a two-hundred day moving average price of $10.46. Global Lights Acquisition has a 52 week low of $10.08 and a 52 week high of $10.95.

Institutional Investors Weigh In On Global Lights Acquisition

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Polar Asset Management Partners Inc. increased its stake in Global Lights Acquisition by 60.0% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 800,000 shares of the company’s stock valued at $8,376,000 after buying an additional 300,000 shares during the last quarter. Cowen AND Company LLC increased its position in shares of Global Lights Acquisition by 1.0% in the second quarter. Cowen AND Company LLC now owns 503,590 shares of the company’s stock valued at $5,189,000 after acquiring an additional 5,189 shares during the last quarter. Rivernorth Capital Management LLC acquired a new stake in shares of Global Lights Acquisition in the third quarter valued at about $3,105,000. Shaolin Capital Management LLC raised its holdings in Global Lights Acquisition by 6.2% during the third quarter. Shaolin Capital Management LLC now owns 217,504 shares of the company’s stock worth $2,277,000 after acquiring an additional 12,712 shares in the last quarter. Finally, Berkley W R Corp acquired a new position in Global Lights Acquisition during the third quarter valued at approximately $1,040,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Global Lights Acquisition Company Profile

(Get Free Report)

Global Lights Acquisition Corp does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Beijing, the People's Republic of China.

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