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

Global Blockchain Acquisition Corp. (NASDAQ:GBBK) was the recipient of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 4,100 shares, a growth of 310.0% from the October 15th total of 1,000 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily volume of 6,600 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On Global Blockchain Acquisition

An institutional investor recently raised its position in Global Blockchain Acquisition stock. Berkley W R Corp raised its holdings in shares of Global Blockchain Acquisition Corp. (NASDAQ:GBBK) by 2,887.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 own 33.57% of the company’s stock.

Global Blockchain Acquisition Stock Performance

Shares of Global Blockchain Acquisition stock remained flat at $11.10 on Wednesday. The stock had a trading volume of 89 shares, compared to its average volume of 20,482. Global Blockchain Acquisition has a 1-year low of $10.51 and a 1-year high of $12.00. The stock’s fifty day moving average is $11.05 and its 200 day moving average is $11.04.

About Global Blockchain Acquisition

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.