Canna-Global Acquisition Corp (NASDAQ:CNGL) Sees Significant Increase in Short Interest

Canna-Global Acquisition Corp (NASDAQ:CNGL) saw a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 200 shares, a growth of 100.0% from the May 15th total of 100 shares. Based on an average daily volume of 800 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the shares of the company are short sold.

Canna-Global Acquisition Stock Performance

Shares of NASDAQ:CNGL remained flat at $11.34 during trading on Friday. The stock had a trading volume of 1 shares, compared to its average volume of 1,308. The stock has a 50 day simple moving average of $11.21 and a two-hundred day simple moving average of $11.08. Canna-Global Acquisition has a 52 week low of $10.69 and a 52 week high of $11.60.

Hedge Funds Weigh In On Canna-Global Acquisition

Several institutional investors have recently made changes to their positions in the stock. SkyView Investment Advisors LLC bought a new position in shares of Canna-Global Acquisition during the first quarter valued at approximately $787,000. Crystalline Management Inc. bought a new position in Canna-Global Acquisition in the 4th quarter worth approximately $546,000. Mizuho Securities USA LLC bought a new position in Canna-Global Acquisition in the 4th quarter worth approximately $1,690,000. BCK Capital Management LP grew its holdings in Canna-Global Acquisition by 247.8% in the 4th quarter. BCK Capital Management LP now owns 83,028 shares of the company’s stock worth $903,000 after buying an additional 59,158 shares in the last quarter. Finally, Wolverine Asset Management LLC boosted its stake in Canna-Global Acquisition by 20.1% during the 4th quarter. Wolverine Asset Management LLC now owns 155,054 shares of the company’s stock valued at $1,687,000 after purchasing an additional 26,002 shares in the last quarter. 19.55% of the stock is owned by institutional investors.

Canna-Global Acquisition Company Profile

Canna-Global Acquisition Corp. does not have significant operations. The company intends to acquire and engage in a share exchange, share reconstruction, and amalgamation with one or more businesses or entities. It intends to focus its search of target business in the cannabis industry. The company was incorporated in 2021 and is based in Marina Del Rey, California.