Short Interest in Global Lights Acquisition Corp (NASDAQ:GLAC) Drops By 7.0%

Posted by Anthony Miller on Oct 31st, 2024

Global Lights Acquisition Corp (NASDAQ:GLAC – Get Free Report) saw a significant drop in short interest in October. As of October 15th, there was short interest totalling 11,900 shares, a drop of 7.0% from the September 30th total of 12,800 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 20,900 shares, the short-interest ratio is presently 0.6 days.

Global Lights Acquisition Stock Performance

NASDAQ:GLAC remained flat at $10.57 during mid-day trading on Thursday. The company’s stock had a trading volume of 242 shares, compared to its average volume of 34,350. The firm’s 50-day simple moving average is $10.47 and its two-hundred day simple moving average is $10.36. Global Lights Acquisition has a fifty-two week low of $10.04 and a fifty-two week high of $10.58.

Institutional Trading of Global Lights Acquisition

Several large investors have recently modified their holdings of GLAC. Clear Street LLC grew 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 valued at $142,000 after buying an additional 12,874 shares during the period. Cowen AND Company LLC increased its stake in shares of Global Lights Acquisition by 1.0% in the 2nd quarter. Cowen AND Company LLC now owns 503,590 shares of the company’s stock worth $5,189,000 after purchasing an additional 5,189 shares in the last quarter. Dakota Wealth Management bought a new position in Global Lights Acquisition in the 2nd quarter worth $297,000. Shaolin Capital Management LLC bought a new position in Global Lights Acquisition in the 1st quarter worth $2,324,000. Finally, Periscope Capital Inc. purchased a new position in Global Lights Acquisition during the first quarter valued at $1,018,000. Institutional investors own 83.41% of the company’s stock.

Global Lights Acquisition Company Profile

(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.