Global Blockchain Acquisition Corp. (NASDAQ:GBBK) Sees Large Decline in Short Interest

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

Institutional Trading of Global Blockchain Acquisition

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

Global Blockchain Acquisition Price Performance

GBBK opened at $11.69 on Thursday. Global Blockchain Acquisition has a 1 year low of $10.76 and a 1 year high of $11.99. The company’s 50 day simple moving average is $11.39 and its 200 day simple moving average is $11.19.

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.