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

Global Lights Acquisition Corp (NASDAQ:GLAC) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totalling 1,300 shares, an increase of 225.0% from the November 30th total of 400 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 72,500 shares, the short-interest ratio is presently 0.0 days.

Institutional Investors Weigh In On Global Lights Acquisition

A number of hedge funds have recently bought and sold shares of the business. Rivernorth Capital Management LLC purchased a new position in shares of Global Lights Acquisition during the 3rd quarter worth about $3,105,000. Shaolin Capital Management LLC boosted its stake in shares of Global Lights Acquisition by 6.2% during the third quarter. Shaolin Capital Management LLC now owns 217,504 shares of the company’s stock valued at $2,277,000 after purchasing an additional 12,712 shares in the last quarter. K2 Principal Fund L.P. bought a new position in Global Lights Acquisition in the third quarter worth approximately $113,000. Polar Asset Management Partners Inc. lifted its holdings in Global Lights Acquisition by 60.0% during the third quarter. Polar Asset Management Partners Inc. now owns 800,000 shares of the company’s stock worth $8,376,000 after buying an additional 300,000 shares during the period. Finally, Berkley W R Corp bought a new stake in Global Lights Acquisition during the 3rd quarter valued at $1,040,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Global Lights Acquisition Stock Performance

Shares of NASDAQ GLAC remained flat at $10.65 during midday trading on Friday. The stock had a trading volume of 3 shares, compared to its average volume of 48,093. The stock has a 50 day moving average of $10.61 and a 200 day moving average of $10.47. Global Lights Acquisition has a 52-week low of $10.08 and a 52-week high of $10.95.

Global Lights Acquisition Company Profile

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.