Short Interest in Canna-Global Acquisition Corp (NASDAQ:CNGL) Declines By 50.0%

Canna-Global Acquisition Corp (NASDAQ:CNGL) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totalling 100 shares, a decrease of 50.0% from the May 31st total of 200 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 50,400 shares, the short-interest ratio is presently 0.0 days.

Insiders Place Their Bets

In other Canna-Global Acquisition news, major shareholder Cowen Inc. bought 2,800 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The stock was purchased at an average price of $10.50 per share, for a total transaction of $29,400.00. Following the completion of the transaction, the insider now owns 5,148 shares of the company’s stock, valued at approximately $54,054. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 72.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Canna-Global Acquisition

Several large investors have recently made changes to their positions in CNGL. Wolverine Asset Management LLC raised its holdings in shares of Canna-Global Acquisition by 20.1% during the 4th quarter. Wolverine Asset Management LLC now owns 155,054 shares of the company’s stock worth $1,687,000 after acquiring an additional 26,002 shares in the last quarter. Crystalline Management Inc. purchased a new position in Canna-Global Acquisition in the fourth quarter worth about $546,000. BCK Capital Management LP increased its stake in Canna-Global Acquisition by 247.8% during the fourth quarter. BCK Capital Management LP now owns 83,028 shares of the company’s stock worth $903,000 after acquiring an additional 59,158 shares during the last quarter. SkyView Investment Advisors LLC bought a new stake in shares of Canna-Global Acquisition in the 1st quarter valued at approximately $787,000. Finally, Mizuho Securities USA LLC purchased a new position in shares of Canna-Global Acquisition in the 4th quarter worth approximately $1,690,000. 19.55% of the stock is owned by institutional investors.

Canna-Global Acquisition Stock Performance

Shares of NASDAQ:CNGL remained flat at $10.43 during midday trading on Friday. The firm’s 50 day moving average is $11.17 and its 200 day moving average is $11.08. Canna-Global Acquisition has a twelve month low of $9.90 and a twelve month high of $11.99.

About Canna-Global Acquisition

Canna-Global Acquisition Corp. does not have significant operations. The company intends to acquire and engage in a share exchange, share reconstruction, and amalgamation with one or more businesses or entities. It intends to focus its search of target business in the cannabis industry. The company was incorporated in 2021 and is based in Marina Del Rey, California.