Canna-Global Acquisition Corp (NASDAQ:CNGL – Get Rating) saw a large drop in short interest in February. As of February 28th, there was short interest totalling 1,000 shares, a drop of 9.1% from the February 13th total of 1,100 shares. Based on an average daily volume of 12,700 shares, the short-interest ratio is currently 0.1 days.
Canna-Global Acquisition Stock Up 0.1 %
Shares of CNGL traded up $0.02 during midday trading on Wednesday, reaching $10.48. 35,308 shares of the stock were exchanged, compared to its average volume of 23,897. Canna-Global Acquisition has a 12-month low of $9.94 and a 12-month high of $10.77. The firm has a 50 day simple moving average of $10.41 and a 200-day simple moving average of $10.25.
Get Canna-Global Acquisition alerts:Institutional Investors Weigh In On Canna-Global Acquisition
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Robinson Capital Management LLC increased its holdings in shares of Canna-Global Acquisition by 100.0% during the 3rd quarter. Robinson Capital Management LLC now owns 3,552 shares of the company's stock valued at $36,000 after acquiring an additional 1,776 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Canna-Global Acquisition during the 3rd quarter valued at about $212,000. Cubist Systematic Strategies LLC acquired a new position in shares of Canna-Global Acquisition during the 2nd quarter valued at about $264,000. Bank of Montreal Can acquired a new position in shares of Canna-Global Acquisition during the 1st quarter valued at about $269,000. Finally, Centiva Capital LP increased its holdings in shares of Canna-Global Acquisition by 1.7% during the 2nd quarter. Centiva Capital LP now owns 61,296 shares of the company's stock valued at $613,000 after acquiring an additional 1,000 shares during the last quarter. 90.37% of the stock is owned by hedge funds and other institutional investors.
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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