Short Interest in Globis Acquisition Corp. (NASDAQ:GLAQ) Drops By 48.1%

Globis Acquisition Corp. (NASDAQ:GLAQGet Rating) was the target of a significant drop in short interest in the month of April. As of April 30th, there was short interest totalling 4,100 shares, a drop of 48.1% from the April 15th total of 7,900 shares. Based on an average trading volume of 30,400 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

A number of large investors have recently added to or reduced their stakes in GLAQ. Mizuho Securities USA LLC lifted its position in shares of Globis Acquisition by 5.4% during the 1st quarter. Mizuho Securities USA LLC now owns 762,518 shares of the company’s stock valued at $7,778,000 after buying an additional 39,131 shares during the last quarter. Beryl Capital Management LLC lifted its holdings in Globis Acquisition by 208.1% during the fourth quarter. Beryl Capital Management LLC now owns 647,180 shares of the company’s stock valued at $6,549,000 after purchasing an additional 437,154 shares during the last quarter. Karpus Management Inc. boosted its position in Globis Acquisition by 4.6% during the first quarter. Karpus Management Inc. now owns 610,497 shares of the company’s stock worth $6,245,000 after purchasing an additional 26,888 shares during the period. RPO LLC purchased a new position in shares of Globis Acquisition in the fourth quarter worth about $5,727,000. Finally, Murchinson Ltd. raised its position in shares of Globis Acquisition by 3.9% in the fourth quarter. Murchinson Ltd. now owns 519,299 shares of the company’s stock valued at $5,261,000 after purchasing an additional 19,299 shares during the period.

Shares of NASDAQ:GLAQ opened at $10.27 on Friday. The company’s 50-day moving average is $10.25 and its 200 day moving average is $10.17. Globis Acquisition has a fifty-two week low of $9.90 and a fifty-two week high of $11.00.

About Globis Acquisition (Get Rating)

Globis Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2020 and is based in Boca Raton, Florida.

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