Global Blockchain Acquisition Corp. (NASDAQ:GBBK – Get Free Report) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 2,600 shares, an increase of 62.5% from the March 15th total of 1,600 shares. Based on an average daily volume of 15,300 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are sold short.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Westchester Capital Management LLC acquired a new position in Global Blockchain Acquisition during the 3rd quarter valued at about $210,000. Shaolin Capital Management LLC raised its position in shares of Global Blockchain Acquisition by 100.0% in the 1st quarter. Shaolin Capital Management LLC now owns 400,000 shares of the company’s stock valued at $4,112,000 after acquiring an additional 200,000 shares during the period. Marshall Wace LLP acquired a new stake in shares of Global Blockchain Acquisition in the 3rd quarter valued at approximately $1,691,000. Glazer Capital LLC raised its position in shares of Global Blockchain Acquisition by 32.5% in the 4th quarter. Glazer Capital LLC now owns 99,381 shares of the company’s stock valued at $1,003,000 after acquiring an additional 24,381 shares during the period. Finally, First Trust Capital Management L.P. acquired a new stake in shares of Global Blockchain Acquisition in the 1st quarter valued at approximately $756,000. 33.57% of the stock is currently owned by institutional investors and hedge funds.
Global Blockchain Acquisition Stock Performance
Global Blockchain Acquisition stock opened at $10.76 on Friday. Global Blockchain Acquisition has a 1 year low of $10.31 and a 1 year high of $12.00. The company’s 50-day moving average is $10.76 and its two-hundred day moving average is $10.63.
Global Blockchain Acquisition Company Profile
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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