Short Interest in Global Blockchain Acquisition Corp. (NASDAQ:GBBK) Declines By 18.9%

Global Blockchain Acquisition Corp. (NASDAQ:GBBK) was the recipient of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 3,000 shares, a drop of 18.9% from the February 28th total of 3,700 shares. Based on an average daily volume of 100 shares, the short-interest ratio is presently 30.0 days. Approximately 0.3% of the shares of the stock are short sold.

Global Blockchain Acquisition Stock Performance

Shares of NASDAQ GBBK traded down $0.02 during mid-day trading on Wednesday, reaching $11.69. 1,334 shares of the company were exchanged, compared to its average volume of 8,041. Global Blockchain Acquisition has a 52 week low of $10.76 and a 52 week high of $11.99. The company’s 50 day moving average price is $11.38 and its 200 day moving average price is $11.19.

Hedge Funds Weigh In On Global Blockchain Acquisition

A hedge fund recently bought a new stake in Global Blockchain Acquisition stock. Polar Asset Management Partners Inc. bought a new position in shares of Global Blockchain Acquisition Corp. (NASDAQ:GBBK) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 150,000 shares of the company’s stock, valued at approximately $1,659,000. Polar Asset Management Partners Inc. owned 2.75% of Global Blockchain Acquisition at the end of the most recent quarter. Hedge funds and other institutional investors own 33.57% of the company’s stock.

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.