Short Interest in Global Blockchain Acquisition Corp. (NASDAQ:GBBK) Declines By 7.1%

Global Blockchain Acquisition Corp. (NASDAQ:GBBK) was the target of 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 company’s stock are short sold. Based on an average daily trading volume, of 5,000 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On Global Blockchain Acquisition

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

Global Blockchain Acquisition Stock Performance

Global Blockchain Acquisition stock remained flat at $11.02 during trading hours on Wednesday. The company’s stock had a trading volume of 2 shares, compared to its average volume of 13,012. Global Blockchain Acquisition has a fifty-two week low of $10.45 and a fifty-two week high of $12.00. The business’s 50 day moving average price is $11.04 and its 200-day moving average price is $10.96.

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.