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

Global Lights Acquisition Corp (NASDAQ:GLAC) was the recipient of a significant decrease in short interest in 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. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 20,900 shares, the days-to-cover ratio is presently 0.6 days.

Global Lights Acquisition Price Performance

Shares of GLAC stock remained flat at $10.57 during trading hours on Thursday. 242 shares of the stock traded hands, compared to its average volume of 34,350. The stock has a 50-day simple moving average of $10.47 and a 200 day simple moving average of $10.36. Global Lights Acquisition has a fifty-two week low of $10.04 and a fifty-two week high of $10.58.

Institutional Investors Weigh In On Global Lights Acquisition

Several hedge funds have recently added to or reduced their stakes in the business. CVI Holdings LLC purchased a new stake in shares of Global Lights Acquisition in the first quarter worth about $833,000. Periscope Capital Inc. acquired a new stake in shares of Global Lights Acquisition during the 1st quarter worth approximately $1,018,000. Shaolin Capital Management LLC purchased a new position in shares of Global Lights Acquisition during the 1st quarter valued at approximately $2,324,000. Dakota Wealth Management acquired a new position in shares of Global Lights Acquisition in the 2nd quarter valued at $297,000. Finally, Cowen AND Company LLC boosted its holdings in Global Lights Acquisition by 1.0% during the second quarter. Cowen AND Company LLC now owns 503,590 shares of the company’s stock worth $5,189,000 after buying an additional 5,189 shares in the last quarter. 83.41% of the stock is owned by hedge funds and other institutional investors.

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.