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

Global Blockchain Acquisition Corp. (NASDAQ:GBBK) was the target of a significant 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 trading volume of 5,400 shares, the days-to-cover ratio is presently 0.7 days.

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) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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. 33.57% of the stock is owned by hedge funds and other institutional investors.

Global Blockchain Acquisition Stock Up 1.0 %

Shares of GBBK stock opened at $11.41 on Thursday. Global Blockchain Acquisition has a 1 year low of $10.71 and a 1 year high of $12.00. The firm’s fifty day simple moving average is $11.19 and its 200 day simple moving average is $11.11.

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.