Global Blockchain Acquisition Corp. (NASDAQ:GBBK – Get Free Report) saw a significant drop in short interest in March. As of March 15th, short interest totaled 1,600 shares, a 30.4% decrease from February 29th’s total of 2,300 shares. Based on average daily volume of 15,100 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the stock is sold short.
Hedge funds involved in global blockchain acquisitions
A number of large investors have recently bought and sold shares in the company. Berkley WR Corp bought a new stake in Global Blockchain Acquisition in the 4th quarter valued at approximately $124,000. Wolverine Asset Management LLC increased its holdings in shares of Global Blockchain Acquisition by 60.5% in the 4th quarter. Wolverine Asset Management LLC now owns 201,480 shares of the company’s stock valued at $2,126,000 after purchasing an additional 75,909 shares in the last quarter. Shaolin Capital Management LLC increased its holdings in shares of Global Blockchain Acquisition by 125.0% in the 3rd quarter. Shaolin Capital Management LLC bought an additional 500,000 shares of the company’s stock in the last quarter and he now owns 100,000 shares of the company’s stock valued at $1,051,000. Westchester Capital Management LLC bought a new stake in Global Blockchain Acquisition during the 3rd quarter valued at approximately $210,000. Finally, State Street Corp increased its holdings in shares of Global Blockchain Acquisition by 13.1% in the 2nd quarter. State Street Corp. now owns 20,700 shares of the company’s stock worth $218,000 after purchasing an additional 2,400 shares in the last quarter. Hedge funds and other institutional investors own 33.57% of the company’s stock.
Stock performance of global blockchain acquisitions
GBBK stock was flat at $10.78 in midday trading Friday. 11,264 shares traded compared to average volume of 12,046 shares. The company’s 50 day moving average is $10.74 and its 200 day moving average is $10.61. Global Blockchain Acquisition has a 1-year low of $10.25 and a 1-year high of $12.00.
Global Blockchain Acquisition Company Profile
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Global Blockchain Acquisition Corp. focuses on effecting mergers, stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations with one or more companies. The company plans to pursue goals focused on blockchain infrastructure, blockchain applications, and related technologies.
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