Canna-Global Acquisition Corp (NASDAQ:CNGL) Sees Significant Increase in Short Interest

Canna-Global Acquisition Corp (NASDAQ:CNGLGet Rating) was the target of a large growth in short interest in July. As of July 31st, there was short interest totalling 15,900 shares, a growth of 5.3% from the July 15th total of 15,100 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 21,300 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Trading of Canna-Global Acquisition

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Centiva Capital LP increased its stake in shares of Canna-Global Acquisition by 1.7% in the second quarter. Centiva Capital LP now owns 61,296 shares of the company’s stock worth $613,000 after acquiring an additional 1,000 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in Canna-Global Acquisition during the second quarter valued at $264,000. RPO LLC grew its position in Canna-Global Acquisition by 232.8% during the second quarter. RPO LLC now owns 386,247 shares of the company’s stock valued at $3,878,000 after buying an additional 270,171 shares during the period. Bank of Montreal Can grew its position in Canna-Global Acquisition by 1,211.7% during the second quarter. Bank of Montreal Can now owns 353,878 shares of the company’s stock valued at $3,574,000 after buying an additional 326,900 shares during the period. Finally, Wolverine Asset Management LLC grew its position 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 during the period. Institutional investors and hedge funds own 2.99% of the company’s stock.

Canna-Global Acquisition Price Performance

Canna-Global Acquisition stock remained flat at $10.06 during mid-day trading on Wednesday. 2,732 shares of the company’s stock were exchanged, compared to its average volume of 24,968. Canna-Global Acquisition has a twelve month low of $9.78 and a twelve month high of $10.10. The firm’s fifty day simple moving average is $10.04.

About Canna-Global Acquisition

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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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