Short Interest in GSR IV Acquisition Corp. (NASDAQ:GSRFR) Expands By 199.2%

GSR IV Acquisition Corp. (NASDAQ:GSRFR) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totaling 392 shares, a growth of 199.2% from the June 15th total of 131 shares. Based on an average daily volume of 4,190 shares, the short-interest ratio is currently 0.1 days.

GSR IV Acquisition Stock Down 2.1%

Shares of NASDAQ GSRFR traded down $0.05 during midday trading on Monday, reaching $2.30. 1,889 shares of the stock were exchanged, compared to its average volume of 9,320. The business’s 50-day moving average is $2.38. GSR IV Acquisition has a 12 month low of $1.76 and a 12 month high of $3.98.

Institutional Trading of GSR IV Acquisition

Hedge funds have recently added to or reduced their stakes in the business. Periscope Capital Inc. acquired a new position in GSR IV Acquisition in the fourth quarter valued at about $70,000. Picton Mahoney Asset Management bought a new stake in shares of GSR IV Acquisition in the fourth quarter worth about $228,000. Harraden Circle Investments LLC acquired a new stake in shares of GSR IV Acquisition during the fourth quarter worth about $1,006,000. Glazer Capital LLC acquired a new stake in shares of GSR IV Acquisition during the fourth quarter worth about $290,000. Finally, Hudson Bay Capital Management LP bought a new position in shares of GSR IV Acquisition during the 4th quarter valued at about $303,000.

GSR IV Acquisition Company Profile

GSR IV Acquisition (NASDAQ: GSRFR) is a special purpose acquisition company (SPAC). As a blank‑check vehicle, its principal purpose is to raise capital in the public markets and use those funds to effect a merger, share exchange, asset acquisition, reorganization or similar business combination with one or more operating businesses. Like other SPACs, it does not operate a commercial business of its own prior to completing a business combination.

The company’s activities typically include conducting an initial public offering to generate trust‑account capital, evaluating potential target companies, negotiating transaction terms, and completing a qualifying business combination that results in an ongoing public company.