Canna-Global Acquisition Corp (NASDAQ:CNGL – Get Rating) was the recipient of a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 2,400 shares, a drop of 78.8% from the October 15th total of 11,300 shares. Based on an average trading volume of 41,600 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.
Institutional Trading of Canna-Global Acquisition
A number of large investors have recently modified their holdings of CNGL. Wolverine Asset Management LLC bought a new stake in shares of Canna-Global Acquisition during the 1st quarter valued at about $7,746,000. RiverPark Advisors LLC purchased a new position in shares of Canna-Global Acquisition during the 1st quarter valued at about $581,000. Context Capital Management LLC purchased a new position in shares of Canna-Global Acquisition during the 1st quarter valued at about $4,985,000. Karpus Management Inc. purchased a new position in shares of Canna-Global Acquisition during the 1st quarter valued at about $5,599,000. Finally, MMCAP International Inc. SPC purchased a new position in shares of Canna-Global Acquisition during the 1st quarter valued at about $5,988,000.
Get Canna-Global Acquisition alerts:Canna-Global Acquisition Stock Performance
Shares of CNGL remained flat at $10.19 during trading hours on Friday. The stock had a trading volume of 13 shares, compared to its average volume of 47,458. The firm's 50 day simple moving average is $10.13 and its 200 day simple moving average is $10.06. Canna-Global Acquisition has a 12-month low of $9.78 and a 12-month high of $10.20.
Canna-Global Acquisition Company Profile
(Get Rating)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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