Short Interest in Global Lights Acquisition Corp (NASDAQ:GLAC) Increases By 225.0%

Global Lights Acquisition Corp (NASDAQ:GLAC) was the target of a significant increase in short interest in the month of 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. Based on an average daily trading volume, of 72,500 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Global Lights Acquisition Stock Performance

Shares of GLAC remained flat at $10.65 during trading hours on Friday. The stock had a trading volume of 3 shares, compared to its average volume of 48,093. The stock has a fifty day simple moving average of $10.61 and a two-hundred day simple moving average of $10.47. Global Lights Acquisition has a 52 week low of $10.08 and a 52 week high of $10.95.

Hedge Funds Weigh In On Global Lights Acquisition

Several large investors have recently bought and sold shares of the stock. Rivernorth Capital Management LLC bought a new position in shares of Global Lights Acquisition in the third quarter valued at approximately $3,105,000. Shaolin Capital Management LLC lifted its position in Global Lights Acquisition by 6.2% in the third 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 during the period. K2 Principal Fund L.P. bought a new position in Global Lights Acquisition during the 3rd quarter valued at $113,000. Polar Asset Management Partners Inc. increased its position in shares of Global Lights Acquisition by 60.0% during the 3rd quarter. Polar Asset Management Partners Inc. now owns 800,000 shares of the company’s stock valued at $8,376,000 after purchasing an additional 300,000 shares during the period. Finally, Berkley W R Corp acquired a new position in shares of Global Lights Acquisition during the 3rd quarter valued at $1,040,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Global Lights Acquisition Company Profile

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.