Canna-Global Acquisition Corp (NASDAQ:CNGL) Short Interest Update

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

Institutional Investors Weigh In On Canna-Global Acquisition

Several hedge funds have recently made changes to their positions in the company. Polar Asset Management Partners Inc. bought a new position in shares of Canna-Global Acquisition in the 1st quarter worth $5,988,000. Goldman Sachs Group Inc. bought a new position in shares of Canna-Global Acquisition in the 1st quarter worth $5,942,000. Citigroup Inc. bought a new position in shares of Canna-Global Acquisition in the 1st quarter worth $2,994,000. Meteora Capital LLC bought a new position in shares of Canna-Global Acquisition in the 4th quarter worth $2,394,000. Finally, Periscope Capital Inc. raised its position in shares of Canna-Global Acquisition by 51.1% in the 3rd quarter. Periscope Capital Inc. now owns 223,545 shares of the company’s stock worth $2,414,000 after acquiring an additional 75,631 shares in the last quarter. 19.55% of the stock is currently owned by hedge funds and other institutional investors.

Canna-Global Acquisition Stock Performance

Shares of CNGL stock remained flat at $11.09 during mid-day trading on Friday. The company’s stock had a trading volume of 4 shares, compared to its average volume of 51. Canna-Global Acquisition has a twelve month low of $10.54 and a twelve month high of $11.60. The stock has a 50-day moving average of $11.09 and a 200-day moving average of $10.93.

About Canna-Global Acquisition

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.