Global Blockchain Acquisition Corp. (NASDAQ:GBBK) Short Interest Update

Global Blockchain Acquisition Corp. (NASDAQ:GBBK) was the target of a significant decline in short interest in March. As of March 15th, there was short interest totalling 1,600 shares, a decline of 30.4% from the February 29th total of 2,300 shares. Based on an average daily volume of 15,100 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

Global Blockchain Acquisition Stock Performance

NASDAQ GBBK remained flat at $10.78 during trading hours on Friday. 11,264 shares of the company traded hands, compared to its average volume of 12,046. Global Blockchain Acquisition has a one year low of $10.25 and a one year high of $12.00. The company’s 50-day moving average is $10.74 and its 200-day moving average is $10.61.

Institutional Trading of Global Blockchain Acquisition

Several large investors have recently bought and sold shares of GBBK. Berkley W R Corp purchased a new stake in Global Blockchain Acquisition during the 4th quarter valued at about $124,000. XTX Topco Ltd purchased a new stake in shares of Global Blockchain Acquisition in the 1st quarter valued at approximately $138,000. State Street Corp purchased a new stake in shares of Global Blockchain Acquisition in the 3rd quarter valued at approximately $190,000. Westchester Capital Management LLC purchased a new stake in shares of Global Blockchain Acquisition in the 3rd quarter valued at approximately $210,000. Finally, Millennium Management LLC purchased a new stake in shares of Global Blockchain Acquisition in the 2nd quarter valued at approximately $443,000. Hedge funds and other institutional investors own 33.57% of the company’s stock.

Global Blockchain Acquisition Company Profile

Global Blockchain Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company intends to pursue targets that are focused on blockchain infrastructure, blockchain applications, and related technologies.