GSR IV Acquisition Corp. (NASDAQ:GSRFR – Get Free Report) was the recipient of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 392 shares, an increase 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 presently 0.1 days.
GSR IV Acquisition Price Performance
Shares of GSRFR traded down $0.05 during midday trading on Monday, hitting $2.30. The stock had a trading volume of 1,889 shares, compared to its average volume of 9,320. The firm has a 50 day moving average of $2.38. GSR IV Acquisition has a twelve month low of $1.76 and a twelve month high of $3.98.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of GSRFR. Lineage Point Capital LP acquired a new stake in GSR IV Acquisition in the 4th quarter valued at approximately $25,000. Clear Street Group Inc. acquired a new position in GSR IV Acquisition during the 4th quarter worth approximately $43,000. Periscope Capital Inc. bought a new position in shares of GSR IV Acquisition during the 4th quarter worth approximately $70,000. Boothbay Fund Management LLC bought a new position in shares of GSR IV Acquisition during the 4th quarter worth approximately $68,000. Finally, DLD Asset Management LP acquired a new stake in shares of GSR IV Acquisition in the fourth quarter valued at approximately $73,000.
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.
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