GSR IV Acquisition Corp. (NASDAQ:GSRFR – Get Free Report) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 221 shares, a decline of 35.8% from the September 15th total of 344 shares. Based on an average trading volume of 1,911 shares, the days-to-cover ratio is presently 0.1 days.
Institutional Trading of GSR IV Acquisition
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Lineage Point Capital LP acquired a new stake in shares of GSR IV Acquisition in the fourth quarter valued at about $25,000. Harraden Circle Investments LLC boosted its holdings in 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 acquiring an additional 55,761 shares during the period. Finally, Rivernorth Capital Management LLC purchased a new position in GSR IV Acquisition in the 1st quarter worth approximately $166,000.
GSR IV Acquisition Price Performance
Shares of NASDAQ:GSRFR remained flat at $1.25 on Friday. GSR IV Acquisition has a 1-year low of $1.20 and a 1-year high of $3.98. The business’s 50-day moving average price is $1.86 and its 200 day moving average price is $2.16.
GSR IV Acquisition Company Profile
GSR IV Acquisition Corp. is a special purpose acquisition company (SPAC) listed on the Nasdaq under the symbol GSRFR. The company was formed to identify and complete a business combination, such as a merger, acquisition, or similar transaction, with one or more operating businesses.
As a SPAC, GSR IV Acquisition does not conduct significant commercial operations or offer products and services of its own. Its principal activity is raising capital through its public offering and seeking a suitable target company.
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