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

Global Blockchain Acquisition Corp. (NASDAQ:GBBK) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totalling 2,600 shares, an increase of 62.5% from the March 15th total of 1,600 shares. Based on an average daily trading volume, of 15,300 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Trading of Global Blockchain Acquisition

Hedge funds have recently made changes to their positions in the company. Berkley W R Corp purchased a new stake in shares of Global Blockchain Acquisition during the fourth quarter valued at approximately $124,000. XTX Topco Ltd purchased a new stake in shares of Global Blockchain Acquisition during the first quarter valued at approximately $138,000. State Street Corp purchased a new stake in shares of Global Blockchain Acquisition during the third quarter valued at approximately $190,000. Westchester Capital Management LLC purchased a new stake in shares of Global Blockchain Acquisition during the third quarter valued at approximately $210,000. Finally, Millennium Management LLC purchased a new stake in shares of Global Blockchain Acquisition during the second quarter valued at approximately $443,000. Hedge funds and other institutional investors own 33.57% of the company’s stock.

Global Blockchain Acquisition Stock Up 0.2 %

Shares of GBBK stock opened at $10.78 on Friday. Global Blockchain Acquisition has a fifty-two week low of $10.31 and a fifty-two week high of $12.00. The firm’s 50 day moving average price is $10.76 and its two-hundred day moving average price is $10.63.

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.