GSR IV Acquisition Corp. (NASDAQ:GSRF) Short Interest Up 65.5% in May

GSR IV Acquisition Corp. (NASDAQ:GSRF) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 543 shares, an increase of 65.5% from the April 30th total of 328 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 12,620 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of GSR IV Acquisition

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GSRF. Glazer Capital LLC acquired a new stake in GSR IV Acquisition in the 4th quarter valued at approximately $15,090,000. Polar Asset Management Partners Inc. acquired a new stake in GSR IV Acquisition in the 4th quarter valued at approximately $11,988,000. Meteora Capital LLC acquired a new stake in GSR IV Acquisition in the 4th quarter valued at approximately $10,069,000. First Trust Capital Management L.P. acquired a new stake in GSR IV Acquisition in the 4th quarter valued at approximately $9,450,000. Finally, AQR Arbitrage LLC acquired a new stake in GSR IV Acquisition in the 4th quarter valued at approximately $9,331,000.

GSR IV Acquisition Trading Up 0.0%

Shares of NASDAQ GSRF opened at $10.16 on Friday. The firm’s 50-day moving average is $10.09. GSR IV Acquisition has a 52 week low of $9.96 and a 52 week high of $10.20.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings initiated coverage on GSR IV Acquisition in a report on Thursday, February 5th. They set a “sell (e)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

About GSR IV Acquisition

GSR IV Acquisition Corp (NASDAQ: GSRF) is a special purpose acquisition company (SPAC) — a publicly listed blank‑check vehicle formed to raise capital through an initial public offering for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a SPAC, GSR IV does not operate a traditional commercial business or sell products and services; its principal activities are sourcing potential targets, negotiating a business combination and managing proceeds held in a trust account pending completion of a transaction.

The company’s typical operating functions include maintaining the funds raised in the IPO in a trust or escrow account, performing due diligence on candidate targets, structuring acquisition and financing arrangements (which may include private investment in public equity, or PIPE, commitments), and completing a de‑SPAC transaction that brings a private operating company public through the merger process.