Northern Lights Acquisition Corp. (NASDAQ:NLIT – Get Rating) saw a significant decrease in short interest in September. As of September 15th, there was short interest totalling 4,000 shares, a decrease of 55.6% from the August 31st total of 9,000 shares. Based on an average trading volume of 120,300 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company's stock are sold short.
Insider Transactions at Northern Lights Acquisition
In other Northern Lights Acquisition news, major shareholder Boothbay Fund Management, Llc sold 1,300,000 shares of Northern Lights Acquisition stock in a transaction dated Wednesday, June 29th. The stock was sold at an average price of $10.21, for a total value of $13,273,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Get Northern Lights Acquisition alerts:Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the company. Logan Stone Capital LLC acquired a new position in shares of Northern Lights Acquisition during the 4th quarter worth approximately $281,000. Karpus Management Inc. increased its holdings in shares of Northern Lights Acquisition by 8.7% in the first quarter. Karpus Management Inc. now owns 1,199,749 shares of the company's stock valued at $12,141,000 after purchasing an additional 96,352 shares during the last quarter. Yakira Capital Management Inc. bought a new position in shares of Northern Lights Acquisition in the first quarter valued at about $1,012,000. Glazer Capital LLC acquired a new stake in shares of Northern Lights Acquisition during the 1st quarter worth about $1,232,000. Finally, Jane Street Group LLC bought a new stake in shares of Northern Lights Acquisition during the 2nd quarter worth about $193,000. 70.88% of the stock is currently owned by institutional investors and hedge funds.
Northern Lights Acquisition Stock Performance
NLIT traded down $0.63 on Tuesday, hitting $9.15. 1,203 shares of the company were exchanged, compared to its average volume of 8,780. The stock's fifty day moving average is $10.12 and its 200-day moving average is $10.12. Northern Lights Acquisition has a 12 month low of $7.72 and a 12 month high of $30.47.About Northern Lights Acquisition
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Northern Lights Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the cannabis industry. The company was incorporated in 2021 and is based in New York, New York.
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