Global Blockchain Acquisition Corp. (NASDAQ:GBBK - Get Free Report) was the recipient of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 3,000 shares, a decline of 18.9% from the February 28th total of 3,700 shares. Currently, 0.3% of the company's stock are sold short. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 30.0 days.
Global Blockchain Acquisition Stock Performance
GBBK stock traded down $0.02 during trading hours on Thursday, hitting $11.69. The company's stock had a trading volume of 1,334 shares, compared to its average volume of 8,122. The stock has a 50 day moving average price of $11.39 and a two-hundred day moving average price of $11.19. Global Blockchain Acquisition has a 12 month low of $10.76 and a 12 month high of $11.99.
Institutional Investors Weigh In On Global Blockchain Acquisition
An institutional investor recently bought a new position in Global Blockchain Acquisition stock. Polar Asset Management Partners Inc. purchased a new position in shares of Global Blockchain Acquisition Corp. (NASDAQ:GBBK - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 150,000 shares of the company's stock, valued at approximately $1,659,000. Polar Asset Management Partners Inc. owned approximately 2.75% of Global Blockchain Acquisition as of its most recent filing with the SEC. 33.57% of the stock is owned by institutional investors and hedge funds.
Global Blockchain Acquisition Company Profile
(
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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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