Global Lights Acquisition Corp (NASDAQ:GLAC – Get Free Report) saw a large increase in short interest in December. As of December 15th, there was short interest totalling 1,300 shares, an increase of 225.0% from the November 30th total of 400 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 72,500 shares, the short-interest ratio is currently 0.0 days.
Global Lights Acquisition Stock Performance
NASDAQ:GLAC remained flat at $10.65 during trading hours on Friday. 3 shares of the company were exchanged, compared to its average volume of 48,093. Global Lights Acquisition has a 1 year low of $10.08 and a 1 year high of $10.95. The stock has a 50 day moving average price of $10.61 and a 200-day moving average price of $10.47.
Institutional Investors Weigh In On Global Lights Acquisition
Several large investors have recently modified their holdings of GLAC. Wolverine Asset Management LLC acquired a new position in shares of Global Lights Acquisition in the third quarter worth about $74,000. K2 Principal Fund L.P. purchased a new stake in shares of Global Lights Acquisition in the 3rd quarter valued at approximately $113,000. Clear Street LLC boosted its stake in Global Lights Acquisition by 1,402.4% in the 2nd quarter. Clear Street LLC now owns 13,792 shares of the company’s stock worth $142,000 after purchasing an additional 12,874 shares during the period. Walleye Trading LLC acquired a new position in Global Lights Acquisition in the 3rd quarter worth approximately $377,000. Finally, Walleye Capital LLC purchased a new position in Global Lights Acquisition during the 3rd quarter worth approximately $669,000. 83.41% of the stock is owned by 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.
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