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

Global Lights Acquisition Corp (NASDAQ:GLAC) saw a large decline in short interest in July. As of July 31st, there was short interest totalling 15,000 shares, a decline of 9.1% from the July 15th total of 16,500 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 23,000 shares, the short-interest ratio is currently 0.7 days.

Global Lights Acquisition Stock Performance

NASDAQ:GLAC traded down $0.04 during trading hours on Monday, hitting $10.40. The company’s stock had a trading volume of 1,100 shares, compared to its average volume of 31,646. Global Lights Acquisition has a 52-week low of $10.04 and a 52-week high of $10.44. The stock has a fifty day moving average of $10.33 and a 200-day moving average of $10.26.

Institutional Investors Weigh In On Global Lights Acquisition

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Cowen AND Company LLC purchased a new position in Global Lights Acquisition in the fourth quarter valued at approximately $3,030,000. Mizuho Securities USA LLC purchased a new position in shares of Global Lights Acquisition in the 4th quarter valued at $894,000. Cohanzick Management LLC acquired a new stake in Global Lights Acquisition during the 4th quarter worth $1,009,000. ATW Spac Management LLC purchased a new stake in Global Lights Acquisition in the fourth quarter valued at $1,980,000. Finally, Karpus Management Inc. acquired a new position in Global Lights Acquisition in the fourth quarter valued at $7,542,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

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.