Global Blockchain Acquisition Corp. (NASDAQ:GBBK) Short Interest Update

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

Global Blockchain Acquisition Price Performance

Shares of GBBK stock opened at $11.69 on Thursday. Global Blockchain Acquisition has a 52 week low of $10.76 and a 52 week high of $11.99. The firm has a 50 day moving average of $11.39 and a two-hundred day moving average of $11.19.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Global Blockchain Acquisition stock. Polar Asset Management Partners Inc. bought a new stake in Global Blockchain Acquisition Corp. (NASDAQ:GBBK) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 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 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.