GSR IV Acquisition Corp. (NASDAQ:GSRFR – Get Free Report) was the recipient of a significant increase in short interest during 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 trading volume of 4,190 shares, the days-to-cover ratio is presently 0.1 days.
GSR IV Acquisition Stock Performance
GSRFR stock traded up $0.12 during midday trading on Tuesday, hitting $2.42. The stock had a trading volume of 2,212 shares, compared to its average volume of 9,200. The business has a 50-day moving average price of $2.38. GSR IV Acquisition has a 12-month low of $1.76 and a 12-month high of $3.98.
Institutional Investors Weigh In On GSR IV Acquisition
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Harraden Circle Investments LLC purchased a new position in GSR IV Acquisition during the fourth quarter worth about $1,006,000. Meteora Capital LLC purchased a new stake in GSR IV Acquisition in the 4th quarter valued at about $727,000. Polar Asset Management Partners Inc. purchased a new position in shares of GSR IV Acquisition during the 4th quarter worth about $408,000. AQR Arbitrage LLC purchased a new stake in GSR IV Acquisition in the fourth quarter valued at approximately $315,000. Finally, Hudson Bay Capital Management LP acquired a new position in GSR IV Acquisition during the fourth quarter worth approximately $303,000.
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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