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

Global Blockchain Acquisition Corp. (NASDAQ:GBBK) was the recipient of a significant drop in short interest in 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. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 5,000 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On Global Blockchain Acquisition

A hedge fund recently raised its stake in Global Blockchain Acquisition stock. Berkley W R Corp raised its stake in Global Blockchain Acquisition Corp. (NASDAQ:GBBK) by 2,887.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 351,131 shares of the company’s stock after purchasing an additional 339,378 shares during the quarter. Berkley W R Corp owned 4.88% of Global Blockchain Acquisition worth $3,782,000 at the end of the most recent quarter. Institutional investors and hedge funds own 33.57% of the company’s stock.

Global Blockchain Acquisition Stock Performance

Shares of NASDAQ:GBBK opened at $11.02 on Thursday. The company’s fifty day moving average is $11.03 and its 200 day moving average is $10.96. Global Blockchain Acquisition has a 52 week low of $10.45 and a 52 week high of $12.00.

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.