Short Interest in Canna-Global Acquisition Corp (NASDAQ:CNGL) Drops By 66.7%

Canna-Global Acquisition Corp (NASDAQ:CNGL) was the recipient of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 100 shares, a drop of 66.7% from the February 29th total of 300 shares. Based on an average trading volume of 7,200 shares, the days-to-cover ratio is presently 0.0 days.

Canna-Global Acquisition Stock Performance

Shares of CNGL stock remained flat at $11.09 during mid-day trading on Thursday. The stock had a trading volume of 8 shares, compared to its average volume of 50. The stock’s fifty day simple moving average is $11.09 and its 200-day simple moving average is $10.93. Canna-Global Acquisition has a one year low of $10.54 and a one year high of $11.60.

Institutional Trading of Canna-Global Acquisition

Hedge funds and other institutional investors have recently modified their holdings of 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 purchasing an additional 1,000 shares during the period. Deutsche Bank AG bought a new position in Canna-Global Acquisition during the first quarter valued at about $43,000. Caas Capital Management LP increased its stake in Canna-Global Acquisition by 24.1% during the second quarter. Caas Capital Management LP now owns 85,466 shares of the company’s stock valued at $917,000 after acquiring an additional 16,605 shares during the period. Cubist Systematic Strategies LLC increased its stake 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 during the period. Finally, BCK Capital Management LP bought a new position in Canna-Global Acquisition during the third quarter valued at about $258,000. Institutional investors and hedge funds own 19.55% of the company’s stock.

Canna-Global Acquisition Company Profile

Canna-Global Acquisition Corp does not have significant operations. It intends to acquire and engage in a share exchange, share reconstruction and amalgamation with, purchasing all or substantially all the assets of, entering into contractual arrangements with, or in any other similar business combination with one or more businesses or entities.