GSR IV Acquisition Corp. (NASDAQ:GSRFR – Get Free Report) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 95 shares, a drop of 81.0% from the May 14th total of 500 shares. Based on an average daily volume of 12,535 shares, the days-to-cover ratio is presently 0.0 days.
GSR IV Acquisition Stock Performance
GSR IV Acquisition stock traded down $0.18 during mid-day trading on Wednesday, hitting $2.36. The stock had a trading volume of 1,717 shares, compared to its average volume of 10,439. The company has a 50 day moving average of $2.35. GSR IV Acquisition has a one year low of $1.76 and a one year high of $3.98.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Harraden Circle Investments LLC purchased a new position in GSR IV Acquisition in the fourth quarter worth about $1,006,000. Meteora Capital LLC bought a new stake in GSR IV Acquisition in the fourth quarter worth about $727,000. Polar Asset Management Partners Inc. bought a new stake in GSR IV Acquisition in the fourth quarter worth about $408,000. AQR Arbitrage LLC bought a new stake in GSR IV Acquisition in the fourth quarter worth about $315,000. Finally, Hudson Bay Capital Management LP bought a new stake in GSR IV Acquisition in the fourth quarter worth about $303,000.
About GSR IV Acquisition
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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