Short Interest in Global Blockchain Acquisition Corp. (NASDAQ:GBBK) Declines By 9.1%

by · The Cerbat Gem

Global Blockchain Acquisition Corp. (NASDAQ:GBBK – Get Free Report) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totalling 1,000 shares, a drop of 9.1% from the September 30th total of 1,100 shares. Based on an average trading volume of 2,000 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On Global Blockchain Acquisition

An institutional investor recently raised its position in Global Blockchain Acquisition stock. Berkley W R Corp lifted its holdings in shares of Global Blockchain Acquisition Corp. (NASDAQ:GBBK – Free Report) by 2,887.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 351,131 shares of the company’s stock after buying an additional 339,378 shares during the quarter. Berkley W R Corp owned about 4.88% of Global Blockchain Acquisition worth $3,782,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 33.57% of the company’s stock.

Global Blockchain Acquisition Stock Up 0.7 %

Shares of NASDAQ:GBBK traded up $0.08 during trading on Wednesday, hitting $11.04. 108 shares of the company’s stock were exchanged, compared to its average volume of 12,275. Global Blockchain Acquisition has a 1-year low of $10.45 and a 1-year high of $12.00. The firm has a 50-day moving average price of $11.04 and a two-hundred day moving average price of $11.02.

Global Blockchain Acquisition Company Profile

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Global Blockchain Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to pursue targets that are focused on blockchain infrastructure, blockchain applications, and related technologies.

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