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

Global Blockchain Acquisition Corp. (NASDAQ:GBBK) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 4,000 shares, a growth of 5.3% from the December 31st total of 3,800 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average trading volume of 6,500 shares, the days-to-cover ratio is presently 0.6 days.

Global Blockchain Acquisition Price Performance

GBBK opened at $11.30 on Tuesday. The stock’s 50 day moving average price is $11.14 and its 200-day moving average price is $11.08. Global Blockchain Acquisition has a 52-week low of $10.69 and a 52-week high of $12.00.

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.