Canna-Global Acquisition Corp (NASDAQ:CNGL – Get Rating) saw a significant increase in short interest in November. As of November 15th, there was short interest totalling 3,900 shares, an increase of 62.5% from the October 31st total of 2,400 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 44,100 shares, the days-to-cover ratio is presently 0.1 days.

Canna-Global Acquisition Price Performance

Canna-Global Acquisition stock traded down $0.01 during midday trading on Wednesday, hitting $10.24. 12,191 shares of the company's stock were exchanged, compared to its average volume of 21,865. Canna-Global Acquisition has a 52-week low of $9.78 and a 52-week high of $10.77. The stock has a 50-day moving average price of $10.16 and a two-hundred day moving average price of $10.08.

Hedge Funds Weigh In On Canna-Global Acquisition

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CNGL. Saba Capital Management L.P. purchased a new position in Canna-Global Acquisition during the first quarter worth about $21,557,000. Highbridge Capital Management LLC purchased a new position in Canna-Global Acquisition during the first quarter worth about $9,925,000. Polar Asset Management Partners Inc. grew its position in Canna-Global Acquisition by 111.2% during the third quarter. Polar Asset Management Partners Inc. now owns 1,267,346 shares of the company's stock worth $12,813,000 after buying an additional 667,346 shares in the last quarter. MMCAP International Inc. SPC purchased a new position in Canna-Global Acquisition during the first quarter worth about $5,988,000. Finally, Goldman Sachs Group Inc. purchased a new position in Canna-Global Acquisition during the first quarter worth about $5,942,000.

About Canna-Global Acquisition

Canna-Global Acquisition Corp intends to acquire, engages in share exchange, share reconstruction, and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination. It focuses on identify and acquiring a business in the cannabis sector.

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