GSR IV Acquisition Corp. (NASDAQ:GSRF) Sees Significant Growth in Short Interest

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

Institutional Investors Weigh In On GSR IV Acquisition

Several institutional investors have recently bought and sold shares of GSRF. Bulldog Investors LLP acquired a new position in shares of GSR IV Acquisition in the 4th quarter valued at about $114,000. Virtu Financial LLC acquired a new position in shares of GSR IV Acquisition in the 4th quarter valued at about $967,000. StoneX Group Inc. acquired a new position in shares of GSR IV Acquisition in the 4th quarter valued at about $1,324,000. Boothbay Fund Management LLC acquired a new position in shares of GSR IV Acquisition in the 4th quarter valued at about $1,469,000. Finally, Clear Street Group Inc. acquired a new position in shares of GSR IV Acquisition in the 4th quarter valued at about $1,948,000.

Analysts Set New Price Targets

Separately, Weiss Ratings started coverage on shares of GSR IV Acquisition in a research report on Thursday, February 5th. They issued a “sell (e)” rating on the stock. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, GSR IV Acquisition has a consensus rating of “Sell”.

GSR IV Acquisition Trading Down 0.1%

Shares of NASDAQ:GSRF traded down $0.01 during midday trading on Thursday, reaching $10.14. The company had a trading volume of 43 shares, compared to its average volume of 13,580. The company’s fifty day simple moving average is $10.09. GSR IV Acquisition has a one year low of $9.96 and a one year high of $10.20.

GSR IV Acquisition Company Profile

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.