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

Global Blockchain Acquisition Corp. (NASDAQ:GBBK) was the target of a large drop in short interest in January. As of January 31st, there was short interest totalling 3,700 shares, a drop of 5.1% from the January 15th total of 3,900 shares. Based on an average trading volume of 5,400 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.3% of the company’s stock are short sold.

Global Blockchain Acquisition Stock Up 1.0 %

Shares of NASDAQ GBBK opened at $11.42 on Wednesday. The stock’s fifty day simple moving average is $11.17 and its two-hundred day simple moving average is $11.10. Global Blockchain Acquisition has a 12-month low of $10.71 and a 12-month high of $12.00.

Institutional Trading of Global Blockchain Acquisition

An institutional investor recently bought a new position in Global Blockchain Acquisition stock. Mint Tower Capital Management B.V. acquired a new position in Global Blockchain Acquisition Corp. (NASDAQ:GBBK) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 183,450 shares of the company’s stock, valued at approximately $2,029,000. Mint Tower Capital Management B.V. owned approximately 3.37% of Global Blockchain Acquisition at the end of the most recent reporting period. Hedge funds and other institutional investors own 33.57% of the company’s stock.

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.