MYDA Advisors LLC Makes New $304,000 Investment in Globis Acquisition Corp. (NASDAQ:GLAQ)

MYDA Advisors LLC acquired a new position in Globis Acquisition Corp. (NASDAQ:GLAQ – Get Rating) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 30,000 shares of the company’s stock, valued at approximately $304,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Millennium Management LLC purchased a new stake in Globis Acquisition in the 2nd quarter worth approximately $359,000. Iron Park Capital Partners LP purchased a new position in shares of Globis Acquisition in the 4th quarter valued at approximately $959,000. Finally, RPO LLC purchased a new position in shares of Globis Acquisition in the 4th quarter valued at approximately $5,727,000.

Shares of GLAQ remained flat at $$10.27 on Wednesday. The stock had a trading volume of 750 shares, compared to its average volume of 108,679. The company’s 50-day moving average price is $10.25 and its 200-day moving average price is $10.18. Globis Acquisition Corp. has a 52 week low of $9.90 and a 52 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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