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

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

Hedge Funds Weigh In On Global Lights Acquisition

Several hedge funds have recently added to or reduced their stakes in GLAC. Clear Street LLC increased 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 worth $142,000 after buying an additional 12,874 shares in the last quarter. Dakota Wealth Management purchased a new stake in Global Lights Acquisition during the 2nd quarter worth about $297,000. CVI Holdings LLC acquired a new position in Global Lights Acquisition in the 1st quarter valued at about $833,000. Periscope Capital Inc. purchased a new position in Global Lights Acquisition in the 1st quarter valued at about $1,018,000. Finally, Shaolin Capital Management LLC purchased a new stake in shares of Global Lights Acquisition during the first quarter worth about $2,324,000. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Global Lights Acquisition Trading Up 0.1 %

Shares of GLAC stock traded up $0.01 during mid-day trading on Wednesday, reaching $10.52. The stock had a trading volume of 136 shares, compared to its average volume of 30,441. Global Lights Acquisition has a 12-month low of $10.04 and a 12-month high of $10.55. The business has a 50-day simple moving average of $10.45 and a 200 day simple moving average of $10.34.

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.