Global Lights Acquisition Corp (NASDAQ:GLAC) Short Interest Down 5.9% in June

Global Lights Acquisition Corp (NASDAQ:GLAC) saw a large decline in short interest in June. As of June 15th, there was short interest totalling 19,200 shares, a decline of 5.9% from the May 31st total of 20,400 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 22,100 shares, the short-interest ratio is currently 0.9 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Karpus Management Inc. acquired a new stake in shares of Global Lights Acquisition during the 4th quarter valued at approximately $7,542,000. Schechter Investment Advisors LLC acquired a new position in Global Lights Acquisition during the fourth quarter worth $4,999,000. Bulldog Investors LLP purchased a new stake in Global Lights Acquisition during the fourth quarter worth $3,964,000. Cowen AND Company LLC acquired a new stake in Global Lights Acquisition in the fourth quarter valued at $3,030,000. Finally, Glazer Capital LLC purchased a new position in shares of Global Lights Acquisition in the fourth quarter valued at $3,024,000. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Global Lights Acquisition Stock Up 0.0 %

NASDAQ:GLAC opened at $10.31 on Thursday. The firm’s fifty day simple moving average is $10.27 and its 200-day simple moving average is $10.20. Global Lights Acquisition has a fifty-two week low of $10.04 and a fifty-two week high of $10.42.

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.