Short Interest in Global Blockchain Acquisition Corp. (NASDAQ:GBBKW) Declines By 9.6%

Posted by Donald Scott on Feb 18th, 2025

Global Blockchain Acquisition Corp. (NASDAQ:GBBKW – Get Free Report) was the target of a significant decrease in short interest during the month of January. As of January 31st, there was short interest totalling 76,900 shares, a decrease of 9.6% from the January 15th total of 85,100 shares. Based on an average daily volume of 64,700 shares, the days-to-cover ratio is presently 1.2 days.

Global Blockchain Acquisition Stock Performance

Global Blockchain Acquisition stock opened at $0.06 on Tuesday. Global Blockchain Acquisition has a 12 month low of $0.01 and a 12 month high of $0.09. The business has a 50 day simple moving average of $0.05 and a 200-day simple moving average of $0.03.

Global Blockchain Acquisition Company Profile

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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. The company intends to pursue targets that are focused on blockchain infrastructure, blockchain applications, and related technologies.