Global Blockchain Acquisition Corp. (NASDAQ:GBBK – Get Free Report) was the recipient of a significant drop in short interest in March. As of March 15th, there was short interest totalling 1,600 shares, a drop of 30.4% from the February 29th total of 2,300 shares. Based on an average daily volume of 15,100 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On Global Blockchain Acquisition

A number of large investors have recently bought and sold shares of the business. Berkley W R Corp bought a new stake in Global Blockchain Acquisition during the 4th quarter valued at about $124,000. Wolverine Asset Management LLC lifted its holdings in Global Blockchain Acquisition by 60.5% during the 4th quarter. Wolverine Asset Management LLC now owns 201,480 shares of the company’s stock valued at $2,126,000 after buying an additional 75,909 shares in the last quarter. Shaolin Capital Management LLC lifted its holdings in Global Blockchain Acquisition by 125.0% during the 3rd quarter. Shaolin Capital Management LLC now owns 100,000 shares of the company’s stock valued at $1,051,000 after buying an additional 500,000 shares in the last quarter. Westchester Capital Management LLC bought a new stake in Global Blockchain Acquisition during the 3rd quarter valued at about $210,000. Finally, State Street Corp lifted its holdings in Global Blockchain Acquisition by 13.1% during the 2nd quarter. State Street Corp now owns 20,700 shares of the company’s stock valued at $218,000 after buying an additional 2,400 shares in the last quarter. Hedge funds and other institutional investors own 33.57% of the company’s stock.

Global Blockchain Acquisition Stock Performance

Shares of GBBK remained flat at $10.78 during midday trading on Friday. 11,264 shares of the stock traded hands, compared to its average volume of 12,046. The company’s 50-day moving average is $10.74 and its 200 day moving average is $10.61. Global Blockchain Acquisition has a 1-year low of $10.25 and a 1-year high of $12.00.

Global Blockchain Acquisition Company Profile

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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.

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