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

Global Lights Acquisition Corp (NASDAQ:GLAC) was the target of a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 11,900 shares, a decrease of 7.0% from the September 30th total of 12,800 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 20,900 shares, the short-interest ratio is currently 0.6 days.

Global Lights Acquisition Price Performance

GLAC remained flat at $10.57 on Friday. The company had a trading volume of 21,802 shares, compared to its average volume of 34,271. The business has a fifty day moving average price of $10.47 and a 200-day moving average price of $10.36. Global Lights Acquisition has a 1 year low of $10.04 and a 1 year high of $10.58.

Institutional Trading of Global Lights Acquisition

Hedge funds have recently added to or reduced their stakes in the stock. Shaolin Capital Management LLC purchased a new position in shares of Global Lights Acquisition during the 1st quarter worth approximately $2,324,000. Periscope Capital Inc. bought a new stake in shares of Global Lights Acquisition in the 1st quarter valued at approximately $1,018,000. CVI Holdings LLC bought a new position in Global Lights Acquisition in the first quarter worth about $833,000. Dakota Wealth Management bought a new position in shares of Global Lights Acquisition during the second quarter worth about $297,000. Finally, Clear Street LLC grew its stake in shares of Global Lights Acquisition by 1,402.4% in the second quarter. Clear Street LLC now owns 13,792 shares of the company’s stock worth $142,000 after purchasing an additional 12,874 shares in the last quarter. 83.41% of the stock is owned by institutional investors and hedge funds.

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.