Global Lights Acquisition Corp (NASDAQ:GLAC – Get Free Report) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totalling 11,900 shares, a drop of 7.0% from the September 30th total of 12,800 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 20,900 shares, the short-interest ratio is currently 0.6 days.
Global Lights Acquisition Price Performance
GLAC stock remained flat at $10.57 during trading on Thursday. 242 shares of the company traded hands, compared to its average volume of 34,350. The stock’s 50-day moving average price is $10.47 and its two-hundred day moving average price is $10.36. Global Lights Acquisition has a 12 month low of $10.04 and a 12 month high of $10.58.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in GLAC. Clear Street LLC boosted its position in Global Lights Acquisition by 1,402.4% during the second quarter. Clear Street LLC now owns 13,792 shares of the company’s stock valued at $142,000 after purchasing an additional 12,874 shares in the last quarter. Dakota Wealth Management bought a new stake in shares of Global Lights Acquisition in the 2nd quarter valued at about $297,000. CVI Holdings LLC purchased a new position in shares of Global Lights Acquisition in the 1st quarter worth approximately $833,000. Periscope Capital Inc. purchased a new stake in Global Lights Acquisition during the first quarter valued at approximately $1,018,000. Finally, Shaolin Capital Management LLC acquired a new stake in Global Lights Acquisition in the first quarter valued at approximately $2,324,000. 83.41% of the stock is currently owned by hedge funds and other institutional investors.
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.
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