GSR IV Acquisition Corp. (NASDAQ:GSRFR – Get Free Report) was the recipient of a significant decline in short interest in May. As of May 29th, there was short interest totaling 95 shares, a decline of 81.0% from the May 14th total of 500 shares. Based on an average daily trading volume, of 12,535 shares, the short-interest ratio is presently 0.0 days.
GSR IV Acquisition Price Performance
GSRFR traded up $0.11 during trading on Friday, reaching $2.58. 324 shares of the company’s stock were exchanged, compared to its average volume of 10,003. GSR IV Acquisition has a fifty-two week low of $1.76 and a fifty-two week high of $3.98. The firm has a 50 day moving average of $2.35.
Institutional Investors Weigh In On GSR IV Acquisition
Institutional investors and hedge funds have recently made changes to their positions in the company. Hudson Bay Capital Management LP acquired a new stake in shares of GSR IV Acquisition in the 4th quarter valued at $303,000. Aristeia Capital L.L.C. acquired a new stake in shares of GSR IV Acquisition in the 4th quarter valued at $298,000. Glazer Capital LLC acquired a new stake in shares of GSR IV Acquisition in the 4th quarter valued at $290,000. Picton Mahoney Asset Management acquired a new stake in shares of GSR IV Acquisition in the 4th quarter valued at $228,000. Finally, Berkley W R Corp acquired a new stake in shares of GSR IV Acquisition in the 4th quarter valued at $99,000.
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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