Global Blockchain Acquisition Corp. (NASDAQ:GBBK) Short Interest Up 310.0% in October

Global Blockchain Acquisition Corp. (NASDAQ:GBBK) was the recipient of a significant growth in short interest in October. As of October 31st, there was short interest totalling 4,100 shares, a growth of 310.0% from the October 15th total of 1,000 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 6,600 shares, the short-interest ratio is currently 0.6 days.

Global Blockchain Acquisition Stock Performance

NASDAQ GBBK remained flat at $11.10 during trading on Wednesday. The company’s stock had a trading volume of 89 shares, compared to its average volume of 20,482. The stock has a fifty day moving average price of $11.05 and a 200 day moving average price of $11.04. Global Blockchain Acquisition has a 12 month low of $10.51 and a 12 month high of $12.00.

Institutional Trading of Global Blockchain Acquisition

An institutional investor recently raised its position in Global Blockchain Acquisition stock. Berkley W R Corp lifted its position in shares of Global Blockchain Acquisition Corp. (NASDAQ:GBBK) by 2,887.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 351,131 shares of the company’s stock after acquiring an additional 339,378 shares during the period. Berkley W R Corp owned approximately 4.88% of Global Blockchain Acquisition worth $3,782,000 as of its most recent filing with the Securities and Exchange Commission. 33.57% of the stock is currently owned by hedge funds and other institutional investors.

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.