GSR V Acquisition Corp. (NASDAQ:GSRV) Shares Shorted: Short Interest Up 322.8% in September

GSR V Acquisition Corp. (NASDAQ:GSRV) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 4,456 shares, an increase of 322.8% from the August 31st total of 1,054 shares. Based on an average trading volume of 99,753 shares, the days-to-cover ratio is presently 0.0 days.

GSR V Acquisition Stock Performance

Shares of GSR V Acquisition stock traded up $0.01 on Friday, reaching $9.89. The company had a trading volume of 590 shares, compared to its average volume of 119,012. The business has a 50 day simple moving average of $9.87. GSR V Acquisition has a 52-week low of $9.84 and a 52-week high of $9.93.

Analysts Set New Price Targets

Separately, Weiss Ratings started coverage on GSR V Acquisition in a research note on Friday. They issued a “sell (e)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

About GSR V Acquisition

GSR V Acquisition Corp. is a special purpose acquisition company (SPAC) organized to identify and complete a business combination with one or more operating companies. Potential transactions may include a merger, share exchange, asset acquisition, reorganization or similar transaction.

Unlike an operating company, GSR V Acquisition Corp. does not have established products, services or commercial operations of its own. Its activities are primarily focused on raising capital, evaluating potential acquisition opportunities and completing a transaction that would result in a combined operating business.

The company’s final industry focus, geographic scope and operating activities will depend on any business combination it completes.