GSR V Acquisition Corp. (NASDAQ:GSRV) Shares Shorted: Short Interest Up 322.8% in September

GSR V Acquisition Corp. (NASDAQ:GSRV) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 4,456 shares, a growth of 322.8% from the August 31st total of 1,054 shares. Based on an average trading volume of 99,753 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings started coverage on shares of GSR V Acquisition in a report on Friday. They issued a “sell (e)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, GSR V Acquisition currently has a consensus rating of “Sell”.

GSR V Acquisition Trading Up 0.1%

NASDAQ:GSRV traded up $0.01 during trading hours on Friday, reaching $9.89. The company had a trading volume of 590 shares, compared to its average volume of 119,012. The stock has a 50 day moving average price of $9.87. GSR V Acquisition has a 1-year low of $9.84 and a 1-year high of $9.93.

About GSR V Acquisition

GSR V Acquisition Corp. is a special purpose acquisition company (SPAC) organized to identify and complete a business combination with one or more operating companies. Potential transactions may include a merger, share exchange, asset acquisition, reorganization or similar transaction.

Unlike an operating company, GSR V Acquisition Corp. does not have established products, services or commercial operations of its own. Its activities are primarily focused on raising capital, evaluating potential acquisition opportunities and completing a transaction that would result in a combined operating business.

The company’s final industry focus, geographic scope and operating activities will depend on any business combination it completes.