GSR IV Acquisition Corp. (NASDAQ:GSRFR – Get Free Report) was the recipient of a large increase in short interest in October. As of October 30th, there was short interest totaling 1,028 shares, an increase of 365.2% from the October 15th total of 221 shares. Based on an average trading volume of 1,617 shares, the days-to-cover ratio is presently 0.6 days.
Institutional Investors Weigh In On GSR IV Acquisition
A number of institutional investors have recently added to or reduced their stakes in the company. Harraden Circle Investments LLC lifted its position in shares of GSR IV Acquisition by 13.2% during the 2nd quarter. Harraden Circle Investments LLC now owns 478,516 shares of the company’s stock worth $1,153,000 after buying an additional 55,761 shares in the last quarter. Rivernorth Capital Management LLC purchased a new position in shares of GSR IV Acquisition in the 1st quarter worth approximately $166,000. Context Capital Management LLC bought a new position in shares of GSR IV Acquisition in the third quarter valued at approximately $110,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in shares of GSR IV Acquisition in the third quarter valued at approximately $74,000. Finally, Gabelli Funds LLC bought a new position in shares of GSR IV Acquisition in the third quarter valued at approximately $63,000.
GSR IV Acquisition Stock Down 6.7%
Shares of GSRFR traded down $0.09 during trading hours on Friday, reaching $1.23. 148 shares of the stock traded hands, compared to its average volume of 7,276. The stock has a fifty day simple moving average of $1.73 and a 200 day simple moving average of $2.14. GSR IV Acquisition has a 52 week low of $1.20 and a 52 week high of $2.95.
About GSR IV Acquisition
GSR IV Acquisition Corp. is a special purpose acquisition company, or blank-check company. It was formed to pursue a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. As an acquisition company, GSR IV does not have an established operating business, products or services of its own. Its business activities center on identifying and completing a business combination; its target and any resulting geographic or industry focus depend on a transaction it may pursue.
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