Global Lights Acquisition Corp (NASDAQ:GLAC) Short Interest Down 5.9% in September

Global Lights Acquisition Corp (NASDAQ:GLAC) was the target of a large decline in short interest during the month of September. As of September 30th, there was short interest totalling 12,800 shares, a decline of 5.9% from the September 15th total of 13,600 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 20,200 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of Global Lights Acquisition

Institutional investors and hedge funds have recently made changes to their positions in the company. CVI Holdings LLC purchased a new stake in Global Lights Acquisition in the 1st quarter valued at $833,000. Clear Street LLC boosted its stake in shares of Global Lights Acquisition by 1,402.4% during the second quarter. Clear Street LLC now owns 13,792 shares of the company’s stock worth $142,000 after buying an additional 12,874 shares during the period. Cowen AND Company LLC grew its holdings in shares of Global Lights Acquisition by 1.0% during the second quarter. Cowen AND Company LLC now owns 503,590 shares of the company’s stock worth $5,189,000 after buying an additional 5,189 shares during the last quarter. Dakota Wealth Management purchased a new stake in Global Lights Acquisition during the 2nd quarter valued at approximately $297,000. Finally, Shaolin Capital Management LLC acquired a new stake in Global Lights Acquisition during the 1st quarter worth approximately $2,324,000. 83.41% of the stock is owned by hedge funds and other institutional investors.

Global Lights Acquisition Price Performance

GLAC traded up $0.01 on Wednesday, reaching $10.52. The company had a trading volume of 136 shares, compared to its average volume of 30,441. The stock has a 50-day moving average price of $10.45 and a 200-day moving average price of $10.34. Global Lights Acquisition has a 1 year low of $10.04 and a 1 year high of $10.55.

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.