Global Blockchain Acquisition Corp. (NASDAQ:GBBK – Get Rating) was the recipient of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 14,700 shares, a decrease of 39.0% from the October 15th total of 24,100 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 31,700 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Wolverine Asset Management LLC grew its stake in shares of Global Blockchain Acquisition by 41.8% in the third quarter. Wolverine Asset Management LLC now owns 829,362 shares of the company's stock worth $8,185,000 after purchasing an additional 244,362 shares in the last quarter. Mint Tower Capital Management B.V. bought a new position in shares of Global Blockchain Acquisition in the second quarter worth $7,280,000. CVI Holdings LLC bought a new position in shares of Global Blockchain Acquisition in the second quarter worth $6,163,000. Starboard Value LP bought a new position in Global Blockchain Acquisition during the second quarter valued at about $5,904,000. Finally, Castle Creek Arbitrage LLC bought a new position in Global Blockchain Acquisition during the second quarter valued at about $3,684,000.

Global Blockchain Acquisition Stock Performance

GBBK remained flat at $9.93 during trading on Monday. The company had a trading volume of 600 shares, compared to its average volume of 66,754. The firm's 50 day moving average is $9.89. Global Blockchain Acquisition has a 52-week low of $9.75 and a 52-week high of $9.96.

Global Blockchain Acquisition Company Profile

Global Blockchain Acquisition Corp. 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.

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