GSR IV Acquisition Corp. (NASDAQ:GSRFR – Get Free Report) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 392 shares, a growth of 199.2% from the June 15th total of 131 shares. Based on an average daily trading volume, of 4,190 shares, the short-interest ratio is currently 0.1 days.
GSR IV Acquisition Stock Up 12.0%
Shares of GSRFR traded up $0.26 during trading hours on Wednesday, hitting $2.42. 2,212 shares of the company were exchanged, compared to its average volume of 9,200. The business’s fifty day moving average is $2.38. GSR IV Acquisition has a one year low of $1.76 and a one year high of $3.98.
Hedge Funds Weigh In On GSR IV Acquisition
Hedge funds and other institutional investors have recently modified their holdings of the stock. Lineage Point Capital LP acquired a new stake in GSR IV Acquisition during the 4th quarter worth about $25,000. Clear Street Group Inc. acquired a new position in shares of GSR IV Acquisition in the fourth quarter worth about $43,000. Boothbay Fund Management LLC purchased a new position in shares of GSR IV Acquisition in the fourth quarter worth approximately $68,000. Periscope Capital Inc. acquired a new stake in shares of GSR IV Acquisition during the fourth quarter valued at approximately $70,000. Finally, DLD Asset Management LP acquired a new stake in shares of GSR IV Acquisition during the fourth quarter valued at approximately $73,000.
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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