Global Blockchain Acquisition Corp. (NASDAQ:GBBK - Get Free Report) was the target of a significant growth in short interest during 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 shares of the stock are short sold. Based on an average daily volume of 6,500 shares, the days-to-cover ratio is presently 0.6 days.
Global Blockchain Acquisition Stock Performance
Shares of Global Blockchain Acquisition stock traded down $0.05 during midday trading on Thursday, reaching $11.30. The company had a trading volume of 632 shares, compared to its average volume of 254. The stock has a fifty day simple moving average of $11.15 and a 200 day simple moving average of $11.09. Global Blockchain Acquisition has a 1-year low of $10.69 and a 1-year high of $12.00.
About Global Blockchain Acquisition
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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.
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