Global Lights Acquisition Corp (NASDAQ:GLAC) Short Interest Down 92.5% in November

Global Lights Acquisition Corp (NASDAQ:GLAC) was the target of a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 400 shares, a decrease of 92.5% from the November 15th total of 5,300 shares. Based on an average trading volume of 66,600 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Global Lights Acquisition Price Performance

GLAC traded up $0.01 on Thursday, reaching $10.65. The company had a trading volume of 65 shares, compared to its average volume of 47,711. Global Lights Acquisition has a 1 year low of $10.05 and a 1 year high of $10.95. The stock has a 50-day moving average price of $10.57 and a 200-day moving average price of $10.44.

Institutional Investors Weigh In On Global Lights Acquisition

Several hedge funds have recently made changes to their positions in the business. Rivernorth Capital Management LLC acquired a new position in Global Lights Acquisition during the third quarter worth $3,105,000. Shaolin Capital Management LLC increased its holdings in shares of Global Lights Acquisition by 6.2% in the 3rd quarter. Shaolin Capital Management LLC now owns 217,504 shares of the company’s stock valued at $2,277,000 after purchasing an additional 12,712 shares in the last quarter. K2 Principal Fund L.P. acquired a new stake in shares of Global Lights Acquisition in the third quarter valued at about $113,000. Polar Asset Management Partners Inc. boosted its holdings in 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 in the last quarter. Finally, Berkley W R Corp purchased a new stake in Global Lights Acquisition during the third quarter worth about $1,040,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

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.