Global Lights Acquisition Corp (NASDAQ:GLAC) Short Interest Update

Global Lights Acquisition Corp (NASDAQ:GLAC) was the recipient of a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 21,300 shares, a drop of 22.5% from the January 31st total of 27,500 shares. Based on an average daily volume of 26,300 shares, the short-interest ratio is presently 0.8 days. Approximately 0.3% of the shares of the stock are short sold.

Institutional Trading of Global Lights Acquisition

A number of large investors have recently bought and sold shares of the stock. Wolverine Asset Management LLC bought a new stake in Global Lights Acquisition during the third quarter worth about $74,000. K2 Principal Fund L.P. bought a new position in shares of Global Lights Acquisition in the third quarter valued at about $113,000. Gabelli Funds LLC bought a new stake in Global Lights Acquisition during the 4th quarter worth about $213,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in Global Lights Acquisition in the 4th quarter valued at about $213,000. Finally, Walleye Trading LLC bought a new position in shares of Global Lights Acquisition in the third quarter worth about $377,000. 83.41% of the stock is currently owned by institutional investors.

Global Lights Acquisition Stock Up 0.3 %

NASDAQ GLAC opened at $10.80 on Tuesday. Global Lights Acquisition has a 1-year low of $10.16 and a 1-year high of $10.95. The stock’s 50 day moving average is $10.72 and its two-hundred day moving average is $10.60.

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.