Global Blockchain Acquisition Corp. (NASDAQ:GBBK) Sees Significant Decrease in Short Interest

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

Institutional Trading of Global Blockchain Acquisition

A hedge fund recently bought a new stake in Global Blockchain Acquisition stock. Mint Tower Capital Management B.V. acquired a new stake in shares of Global Blockchain Acquisition Corp. (NASDAQ:GBBK) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 183,450 shares of the company’s stock, valued at approximately $2,029,000. Mint Tower Capital Management B.V. owned approximately 3.37% of Global Blockchain Acquisition as of its most recent SEC filing. Institutional investors and hedge funds own 33.57% of the company’s stock.

Global Blockchain Acquisition Stock Performance

Shares of GBBK traded down $0.02 during trading hours on Wednesday, hitting $11.69. 1,334 shares of the company were exchanged, compared to its average volume of 8,041. The firm’s fifty day moving average is $11.38 and its 200 day moving average is $11.19. Global Blockchain Acquisition has a fifty-two week low of $10.76 and a fifty-two week high of $11.99.

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.