Short Interest in Global Lights Acquisition Corp (NASDAQ:GLAC) Declines By 92.5%

Global Lights Acquisition Corp (NASDAQ:GLAC) was the recipient 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 presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Hedge Funds Weigh In On Global Lights Acquisition

Large investors have recently modified their holdings of the stock. Wolverine Asset Management LLC acquired a new stake in Global Lights Acquisition during the third quarter valued at approximately $74,000. K2 Principal Fund L.P. bought a new stake in shares of Global Lights Acquisition in the 3rd quarter valued at approximately $113,000. Clear Street LLC lifted its stake in Global Lights Acquisition by 1,402.4% during the second 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 last quarter. Dakota Wealth Management acquired a new position in Global Lights Acquisition in the second quarter worth $297,000. Finally, Walleye Trading LLC acquired a new position in Global Lights Acquisition in the third quarter worth $377,000. Institutional investors own 83.41% of the company’s stock.

Global Lights Acquisition Price Performance

GLAC stock remained flat at $10.66 during mid-day trading on Friday. 50,036 shares of the company’s stock traded hands, compared to its average volume of 47,736. The stock’s fifty day moving average is $10.58 and its two-hundred day moving average is $10.44. Global Lights Acquisition has a 52 week low of $10.06 and a 52 week high of $10.95.

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.