GSR IV Acquisition Corp. (NASDAQ:GSRFR) Stock Short Interest Report for September

GSR IV Acquisition Corp. (NASDAQ:GSRFR) was the target of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 221 shares, a decrease of 35.8% from the September 15th total of 344 shares. Based on an average daily trading volume, of 1,911 shares, the days-to-cover ratio is currently 0.1 days.

GSR IV Acquisition Trading Down 13.3%

Shares of NASDAQ:GSRFR opened at $1.30 on Friday. The business’s 50 day simple moving average is $1.87 and its two-hundred day simple moving average is $2.16. GSR IV Acquisition has a 52-week low of $1.20 and a 52-week high of $3.98.

Hedge Funds Weigh In On GSR IV Acquisition

Institutional investors have recently modified their holdings of the company. Harraden Circle Investments LLC lifted its holdings in shares of GSR IV Acquisition by 13.2% in the 2nd quarter. Harraden Circle Investments LLC now owns 478,516 shares of the company’s stock worth $1,153,000 after purchasing an additional 55,761 shares in the last quarter. Rivernorth Capital Management LLC bought a new position in shares of GSR IV Acquisition in the 1st quarter worth $166,000. Finally, Lineage Point Capital LP acquired a new stake in GSR IV Acquisition in the 4th quarter valued at $25,000.

About GSR IV Acquisition

GSR IV Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and combine with an operating business through a merger, share exchange, asset acquisition, reorganization or similar transaction.

Unlike an operating company, GSR IV Acquisition Corp. does not appear to offer products or services of its own. Its activities are primarily focused on evaluating potential acquisition targets and completing a business combination, after which the combined company would be expected to conduct the operating business.

Publicly available information about the company’s target industry, geographic focus and leadership is limited.