Global Blockchain Acquisition Corp. (NASDAQ:GBBKW) Sees Significant Decline in Short Interest

Global Blockchain Acquisition Corp. (NASDAQ:GBBKW) was the target of a significant drop in short interest in November. As of November 30th, there was short interest totalling 144,200 shares, a drop of 15.8% from the November 15th total of 171,200 shares. Based on an average daily trading volume, of 45,200 shares, the days-to-cover ratio is presently 3.2 days.

Global Blockchain Acquisition Trading Down 19.0 %

Shares of GBBKW traded down $0.01 during mid-day trading on Monday, reaching $0.04. 5,467 shares of the stock traded hands, compared to its average volume of 48,962. The stock has a fifty day simple moving average of $0.03 and a 200 day simple moving average of $0.02. Global Blockchain Acquisition has a 12-month low of $0.01 and a 12-month high of $0.07.

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