Short Interest in Global Blockchain Acquisition Corp. (NASDAQ:GBBK) Drops By 9.1%

Global Blockchain Acquisition Corp. (NASDAQ:GBBK) saw a large decrease in short interest during the month of 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. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 2,000 shares, the short-interest ratio is presently 0.5 days.

Global Blockchain Acquisition Price Performance

Shares of NASDAQ:GBBK traded up $0.05 on Friday, hitting $11.09. 2,083 shares of the company traded hands, compared to its average volume of 3,502. The stock has a 50 day simple moving average of $11.03 and a 200-day simple moving average of $11.02. Global Blockchain Acquisition has a 52 week low of $10.45 and a 52 week high of $12.00.

Institutional Trading of Global Blockchain Acquisition

A hedge fund recently raised its stake in Global Blockchain Acquisition stock. Berkley W R Corp grew its holdings in Global Blockchain Acquisition Corp. (NASDAQ:GBBK) by 2,887.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 about 4.88% of Global Blockchain Acquisition worth $3,782,000 as of its most recent SEC filing. 33.57% of the stock is owned by 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.