Short Interest in Global Blockchain Acquisition Corp. (NASDAQ:GBBK) Drops By 9.8%

Global Blockchain Acquisition Corp. (NASDAQ:GBBK) was the target of a significant drop in short interest in November. As of November 15th, there was short interest totalling 3,700 shares, a drop of 9.8% from the October 31st total of 4,100 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 6,500 shares, the short-interest ratio is presently 0.6 days.

Global Blockchain Acquisition Price Performance

Shares of NASDAQ GBBK remained flat at $11.25 during trading on Tuesday. 12 shares of the stock traded hands, compared to its average volume of 17,225. Global Blockchain Acquisition has a 1-year low of $10.54 and a 1-year high of $12.00. The firm’s fifty day simple moving average is $11.08 and its two-hundred day simple moving average is $11.07.

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.