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

Global Lights Acquisition Corp (NASDAQ:GLAC) was the recipient of a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 400 shares, a drop of 92.5% from the November 15th total of 5,300 shares. Based on an average trading volume of 66,600 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Berkley W R Corp purchased a new position in Global Lights Acquisition in the third quarter valued at about $1,040,000. Rivernorth Capital Management LLC acquired a new stake in shares of Global Lights Acquisition in the third quarter valued at about $3,105,000. Walleye Capital LLC purchased a new stake in shares of Global Lights Acquisition during the 3rd quarter valued at about $669,000. Polar Asset Management Partners Inc. lifted its position in Global Lights Acquisition by 60.0% during the 3rd quarter. Polar Asset Management Partners Inc. now owns 800,000 shares of the company’s stock worth $8,376,000 after acquiring an additional 300,000 shares in the last quarter. Finally, Clear Street LLC boosted its holdings in Global Lights Acquisition by 1,402.4% in the 2nd quarter. Clear Street LLC now owns 13,792 shares of the company’s stock worth $142,000 after acquiring an additional 12,874 shares during the period. 83.41% of the stock is owned by institutional investors and hedge funds.

Global Lights Acquisition Stock Performance

Shares of NASDAQ:GLAC remained flat at $10.66 during trading on Friday. The stock had a trading volume of 50,036 shares, compared to its average volume of 47,736. The company has a 50-day moving average price of $10.58 and a 200-day moving average price of $10.44. Global Lights Acquisition has a 1-year low of $10.06 and a 1-year high of $10.95.

About Global Lights Acquisition

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.