Global Lights Acquisition Corp (NASDAQ:GLAC) Sees Significant Increase in Short Interest

Global Lights Acquisition Corp (NASDAQ:GLAC - Get Free Report) saw a large increase in short interest in the month of 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. Based on an average daily trading volume, of 72,500 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company's shares are short sold.

Institutional Investors Weigh In On Global Lights Acquisition

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rivernorth Capital Management LLC acquired 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 Global Lights Acquisition by 6.2% during the 3rd 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 during the last quarter. K2 Principal Fund L.P. bought a new stake in Global Lights Acquisition in the third quarter valued at approximately $113,000. Polar Asset Management Partners Inc. increased its stake in Global Lights Acquisition by 60.0% in the third quarter. Polar Asset Management Partners Inc. now owns 800,000 shares of the company's stock valued at $8,376,000 after purchasing an additional 300,000 shares in the last quarter. Finally, Berkley W R Corp acquired a new stake in Global Lights Acquisition in the third quarter worth $1,040,000. Institutional investors own 83.41% of the company's stock.

Global Lights Acquisition Stock Performance

Shares of Global Lights Acquisition stock traded down $0.01 on Thursday, hitting $10.65. 3,600 shares of the company's stock traded hands, compared to its average volume of 48,093. The firm's 50-day moving average price is $10.60 and its two-hundred day moving average price is $10.46. Global Lights Acquisition has a one year low of $10.08 and a one year 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.

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