Global Blockchain Acquisition Corp. (NASDAQ:GBBK) Short Interest Down 5.1% in January

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

Global Blockchain Acquisition Price Performance

Shares of Global Blockchain Acquisition stock opened at $11.41 on Thursday. The company’s fifty day moving average price is $11.19 and its two-hundred day moving average price is $11.11. Global Blockchain Acquisition has a 52-week low of $10.71 and a 52-week high of $12.00.

Institutional Investors 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 stake in Global Blockchain Acquisition Corp. (NASDAQ:GBBK) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 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. Institutional investors and hedge funds 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.