Global Lights Acquisition Corp (NASDAQ:GLAC) Short Interest Up 8.2% in November

Global Lights Acquisition Corp (NASDAQ:GLAC) was the recipient of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 5,300 shares, an increase of 8.2% from the October 31st total of 4,900 shares. Based on an average daily trading volume, of 62,600 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Trading of Global Lights Acquisition

A number of hedge funds and other institutional investors have recently modified their holdings of GLAC. Polar Asset Management Partners Inc. grew its stake in shares of Global Lights Acquisition by 60.0% during the third quarter. Polar Asset Management Partners Inc. now owns 800,000 shares of the company’s stock worth $8,376,000 after buying an additional 300,000 shares during the last quarter. Rivernorth Capital Management LLC acquired a new position in shares of Global Lights Acquisition during the third quarter worth $3,105,000. Berkley W R Corp acquired a new position in Global Lights Acquisition in the third quarter valued at $1,040,000. Walleye Capital LLC acquired a new position in Global Lights Acquisition in the third quarter valued at $669,000. Finally, Walleye Trading LLC acquired a new position in Global Lights Acquisition in the third quarter valued at $377,000. Institutional investors own 83.41% of the company’s stock.

Global Lights Acquisition Stock Performance

Shares of NASDAQ GLAC traded up $0.01 during midday trading on Tuesday, reaching $10.62. 275,486 shares of the company were exchanged, compared to its average volume of 139,451. The stock’s 50-day moving average price is $10.55 and its 200-day moving average price is $10.42. Global Lights Acquisition has a one year low of $10.04 and a one year high of $10.95.

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.