Canna-Global Acquisition Corp (NASDAQ:CNGL – Get Rating) was the recipient of a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 1,500 shares, a decline of 68.1% from the November 30th total of 4,700 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 30,400 shares, the days-to-cover ratio is presently 0.0 days.
Canna-Global Acquisition Price Performance
Shares of Canna-Global Acquisition stock remained flat at $10.28 on Friday. The company had a trading volume of 5 shares, compared to its average volume of 10,327. Canna-Global Acquisition has a 12-month low of $9.78 and a 12-month high of $10.77. The company has a fifty day simple moving average of $10.21 and a 200 day simple moving average of $10.12.
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Institutional Investors Weigh In On Canna-Global Acquisition
Institutional investors and hedge funds have recently modified their holdings of the company. Polar Asset Management Partners Inc. raised 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 valued at $12,813,000 after acquiring an additional 667,346 shares in the last quarter. First Trust Capital Management L.P. raised its position in Canna-Global Acquisition by 0.8% during the third quarter. First Trust Capital Management L.P. now owns 930,100 shares of the company's stock valued at $9,403,000 after acquiring an additional 7,700 shares in the last quarter. Shaolin Capital Management LLC raised its position in Canna-Global Acquisition by 25.7% during the third quarter. Shaolin Capital Management LLC now owns 1,322,026 shares of the company's stock valued at $13,366,000 after acquiring an additional 270,125 shares in the last quarter. Cubist Systematic Strategies LLC raised its position in Canna-Global Acquisition by 90.6% during the third quarter. Cubist Systematic Strategies LLC now owns 50,111 shares of the company's stock valued at $507,000 after acquiring an additional 23,821 shares in the last quarter. Finally, Boothbay Fund Management LLC raised its position in Canna-Global Acquisition by 4.9% during the third quarter. Boothbay Fund Management LLC now owns 1,169,482 shares of the company's stock valued at $11,823,000 after acquiring an additional 54,566 shares in the last quarter. Institutional investors and hedge funds own 90.37% of the company's stock.
About Canna-Global Acquisition
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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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