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

Global Blockchain Acquisition Corp. (NASDAQ:GBBK) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 1,300 shares, a drop of 7.1% from the August 15th total of 1,400 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 5,000 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

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

Global Blockchain Acquisition Stock Performance

Shares of NASDAQ GBBK opened at $11.02 on Thursday. The stock’s 50-day simple moving average is $11.03 and its two-hundred day simple moving average is $10.96. Global Blockchain Acquisition has a twelve month low of $10.45 and a twelve month high of $12.00.

About Global Blockchain Acquisition

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.