Global Blockchain Acquisition Corp. (NASDAQ:GBBK – Get Free Report ) has seen a significant increase in short interest in July. As of July 15, short interest totaled 3,000 shares, up 57.9% from a total of 1,900 shares on June 30. Approximately 0.3% of the stock is shorted. Based on an average daily trading volume of 4,600 shares, the days coverage ratio is currently at 0.7 days.
Global Blockchain Acquisition Price Performance
Shares of GBBK began trading at $11.03 on Monday. Global Blockchain Acquisition’s one year low is $10.37 and high is $12.00. The company’s 50 day moving average price is $11.08 and its 200 day moving average price is $10.88.
Institutional Investors Join Global Blockchain Acquisition Sweep
Hedge funds have recently increased their holdings of Global Blockchain Acquisition shares. Wolverine Asset Management LLC increased its holdings in Global Blockchain Acquisition Corp. (NASDAQ:GBBK – free report ) by 60.5% in the fourth quarter, according to the latest filing with the Securities and Exchange Commission. The institutional investor bought an additional 75,909 shares during the period, bringing its holdings to 201,480 shares of the company’s stock. Wolverine Asset Management LLC holds approximately 2.80% of Global Blockchain Acquisition for $2,126,000, as of the latest filing with the Securities and Exchange Commission. Hedge funds and other institutional investors hold 33.57% of the company’s shares.
Global Blockchain Acquirer Profiles
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Global Blockchain Acquisition Corp. is focused on effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company intends to pursue targets focused on blockchain infrastructure, blockchain applications and related technologies.
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