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

Global Blockchain Acquisition Corp. (NASDAQ:GBBK) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totalling 1,000 shares, a decrease of 9.1% from the September 30th total of 1,100 shares. Based on an average daily volume of 2,000 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Trading of Global Blockchain Acquisition

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

Global Blockchain Acquisition Trading Up 0.5 %

Shares of NASDAQ:GBBK traded up $0.05 on Friday, hitting $11.09. The company had a trading volume of 2,083 shares, compared to its average volume of 3,502. Global Blockchain Acquisition has a 1 year low of $10.45 and a 1 year high of $12.00. The firm’s 50-day simple moving average is $11.03 and its two-hundred day simple moving average is $11.02.

Global Blockchain Acquisition Company Profile

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.