Canna-Global Acquisition Corp (NASDAQ:CNGL – Get Rating) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 11,300 shares, a drop of 32.3% from the September 30th total of 16,700 shares. Approximately 0.1% of the company's shares are sold short. Based on an average daily volume of 34,000 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On Canna-Global Acquisition

Large investors have recently made changes to their positions in the business. Saba Capital Management L.P. acquired a new stake in Canna-Global Acquisition during the 1st quarter valued at $21,557,000. Highbridge Capital Management LLC acquired a new position in shares of Canna-Global Acquisition in the 1st quarter worth $9,925,000. Wolverine Asset Management LLC lifted its stake in Canna-Global Acquisition by 22.3% during the second quarter. Wolverine Asset Management LLC now owns 949,527 shares of the company's stock valued at $9,533,000 after buying an additional 173,344 shares in the last quarter. Mizuho Securities USA LLC increased its holdings in shares of Canna-Global Acquisition by 27.6% in the 2nd quarter. Mizuho Securities USA LLC now owns 652,072 shares of the company's stock valued at $6,456,000 after purchasing an additional 140,916 shares during the period. Finally, MMCAP International Inc. SPC purchased a new stake in shares of Canna-Global Acquisition during the first quarter worth $5,988,000.

Canna-Global Acquisition Price Performance

Canna-Global Acquisition stock opened at $10.18 on Friday. Canna-Global Acquisition has a 52-week low of $9.78 and a 52-week high of $10.19. The firm has a fifty day moving average of $10.11 and a 200-day moving average of $10.05.

About Canna-Global Acquisition

Canna-Global Acquisition Corp intends to acquire assets and businesses through a merger, share exchange, share purchase, reorganization, or similar business combination. It focuses on identify and acquiring a business in the cannabis sector. The company was incorporated in 2021 and is based in Marina Del Rey, California.

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