GSR IV Acquisition Corp. (NASDAQ:GSRFR) Shares Shorted: Short Interest Up 365.2% in October

GSR IV Acquisition Corp. (NASDAQ:GSRFR – Get Free Report) was the target of a significant growth in short interest in October. As of October 30th, there was short interest totaling 1,028 shares, a growth of 365.2% from the October 15th total of 221 shares. Based on an average trading volume of 1,617 shares, the short-interest ratio is presently 0.6 days.

GSR IV Acquisition Stock Performance

NASDAQ:GSRFR remained flat at $1.32 during mid-day trading on Wednesday. 645 shares of the company were exchanged, compared to its average volume of 7,347. GSR IV Acquisition has a 1-year low of $1.20 and a 1-year high of $2.95. The business’s 50 day moving average is $1.74 and its two-hundred day moving average is $2.15.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Context Capital Management LLC acquired a new position in shares of GSR IV Acquisition during the 3rd quarter worth approximately $110,000. Rivernorth Capital Management LLC acquired a new stake in shares of GSR IV Acquisition in the first quarter valued at approximately $166,000. Finally, Harraden Circle Investments LLC raised its position in shares of GSR IV Acquisition by 13.2% in the second quarter. Harraden Circle Investments LLC now owns 478,516 shares of the company’s stock valued at $1,153,000 after buying an additional 55,761 shares in the last quarter.

GSR IV Acquisition Company Profile

(Get Free Report)

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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