Global Blockchain Acquisition Corp. (NASDAQ:GBBKW – Get Rating) saw a large growth in short interest in August. As of August 15th, there was short interest totalling 120,700 shares, a growth of 188.8% from the July 31st total of 41,800 shares. Based on an average daily volume of 71,200 shares, the days-to-cover ratio is currently 1.7 days.

Global Blockchain Acquisition Stock Performance

GBBKW stock opened at $0.05 on Friday. The stock's 50-day moving average is $0.06. Global Blockchain Acquisition has a 1 year low of $0.04 and a 1 year high of $0.11.

Institutional Investors Weigh In On Global Blockchain Acquisition

Institutional investors and hedge funds have recently made changes to their positions in the business. Wolverine Asset Management LLC acquired a new stake in shares of Global Blockchain Acquisition in the 2nd quarter worth about $35,000. CVI Holdings LLC acquired a new stake in shares of Global Blockchain Acquisition in the 2nd quarter worth about $38,000. Finally, Mint Tower Capital Management B.V. acquired a new stake in shares of Global Blockchain Acquisition in the 2nd quarter worth about $44,000.

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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