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

Global Blockchain Acquisition Corp. (NASDAQ:GBBK) was the recipient of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 3,000 shares, a drop of 18.9% from the February 28th total of 3,700 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 30.0 days. Currently, 0.3% of the company’s stock are sold short.

Global Blockchain Acquisition Trading Up 0.1 %

Shares of GBBK opened at $11.72 on Tuesday. The business’s 50-day moving average is $11.36 and its 200-day moving average is $11.18. Global Blockchain Acquisition has a fifty-two week low of $10.76 and a fifty-two week high of $11.99.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Global Blockchain Acquisition stock. Polar Asset Management Partners Inc. purchased a new stake in shares of Global Blockchain Acquisition Corp. (NASDAQ:GBBK) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 150,000 shares of the company’s stock, valued at approximately $1,659,000. Polar Asset Management Partners Inc. owned approximately 2.75% of Global Blockchain Acquisition as of its most recent SEC filing. 33.57% of the stock is owned by hedge funds and other institutional investors.

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.