Global Lights Acquisition Corp (NASDAQ:GLAC) Short Interest Up 8.2% in November

Posted by Amy Steele on Dec 3rd, 2024

Global Lights Acquisition Corp (NASDAQ:GLAC – Get Free Report) was the recipient of a large increase in short interest in November. As of November 15th, there was short interest totalling 5,300 shares, an increase of 8.2% from the October 31st total of 4,900 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 62,600 shares, the short-interest ratio is currently 0.1 days.

Global Lights Acquisition Price Performance

Shares of NASDAQ GLAC traded up $0.01 during mid-day trading on Tuesday, hitting $10.62. The company had a trading volume of 275,486 shares, compared to its average volume of 139,451. The firm has a 50-day simple moving average of $10.55 and a two-hundred day simple moving average of $10.42. Global Lights Acquisition has a one year low of $10.04 and a one year high of $10.95.

Institutional Investors Weigh In On Global Lights Acquisition

Several hedge funds have recently bought and sold shares of GLAC. Wolverine Asset Management LLC acquired a new stake in shares of Global Lights Acquisition in the third quarter valued at approximately $74,000. K2 Principal Fund L.P. acquired a new stake in shares of Global Lights Acquisition in the third quarter valued at approximately $113,000. Clear Street LLC raised its position in shares of Global Lights Acquisition by 1,402.4% in the second quarter. Clear Street LLC now owns 13,792 shares of the company’s stock valued at $142,000 after buying an additional 12,874 shares in the last quarter. Dakota Wealth Management acquired a new stake in shares of Global Lights Acquisition in the second quarter valued at approximately $297,000. Finally, Walleye Trading LLC acquired a new stake in shares of Global Lights Acquisition in the third quarter valued at approximately $377,000. 83.41% of the stock is currently owned by institutional investors and hedge funds.

About Global Lights Acquisition

(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.