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

Global Lights Acquisition Corp (NASDAQ:GLAC) was the target of a large decrease in short interest in 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 daily volume of 66,600 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Global Lights Acquisition Stock Performance

GLAC remained flat at $10.64 on Wednesday. 56 shares of the company’s stock traded hands, compared to its average volume of 47,711. Global Lights Acquisition has a one year low of $10.05 and a one year high of $10.95. The business has a fifty day moving average price of $10.57 and a two-hundred day moving average price of $10.43.

Institutional Investors Weigh In On Global Lights Acquisition

Several institutional investors have recently modified their holdings of GLAC. Cowen AND Company LLC boosted its position in shares of Global Lights Acquisition by 1.0% in the 2nd 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. Wolverine Asset Management LLC purchased a new stake in shares of Global Lights Acquisition in the third quarter valued at about $74,000. K2 Principal Fund L.P. acquired a new stake in shares of Global Lights Acquisition in the third quarter valued at approximately $113,000. Shaolin Capital Management LLC increased its stake in shares of Global Lights Acquisition by 6.2% during the 3rd quarter. Shaolin Capital Management LLC now owns 217,504 shares of the company’s stock worth $2,277,000 after purchasing an additional 12,712 shares in the last quarter. Finally, Clear Street LLC increased its stake in shares of Global Lights Acquisition by 1,402.4% during 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 in the last quarter. Hedge funds and other institutional investors 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.