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

Canna-Global Acquisition Corp (NASDAQ:CNGL) was the target of a significant drop in short interest during 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 short-interest ratio is presently 0.0 days.

Institutional Investors Weigh In On Canna-Global Acquisition

Several hedge funds have recently modified their holdings of CNGL. Crystalline Management Inc. acquired a new stake in Canna-Global Acquisition during the 4th quarter valued at approximately $546,000. Mizuho Securities USA LLC bought a new stake in shares of Canna-Global Acquisition in the 4th quarter valued at approximately $1,690,000. BCK Capital Management LP increased its holdings in shares of Canna-Global Acquisition by 247.8% in the 4th quarter. BCK Capital Management LP now owns 83,028 shares of the company’s stock valued at $903,000 after acquiring an additional 59,158 shares during the last quarter. Wolverine Asset Management LLC grew its stake in Canna-Global Acquisition by 20.1% during the 4th quarter. Wolverine Asset Management LLC now owns 155,054 shares of the company’s stock worth $1,687,000 after buying an additional 26,002 shares during the last quarter. Finally, Periscope Capital Inc. grew its stake in Canna-Global Acquisition by 51.1% during the 3rd quarter. Periscope Capital Inc. now owns 223,545 shares of the company’s stock worth $2,414,000 after buying an additional 75,631 shares during the last quarter. 19.55% of the stock is currently owned by hedge funds and other institutional investors.

Canna-Global Acquisition Stock Performance

NASDAQ:CNGL remained flat at $11.09 during mid-day trading on Thursday. The company’s stock had a trading volume of 8 shares, compared to its average volume of 50. The stock’s fifty day moving average price is $11.09 and its two-hundred day moving average price is $10.93. Canna-Global Acquisition has a 12-month low of $10.54 and a 12-month high of $11.60.

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.