GSR IV Acquisition Corp. (NASDAQ:GSRFR) Stock Short Interest Climbs 365.2%

GSR IV Acquisition Corp. (NASDAQ:GSRFR) saw a significant growth in short interest in the month of 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 daily trading volume, of 1,617 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Context Capital Management LLC bought a new stake in GSR IV Acquisition during the third quarter worth $110,000. Harraden Circle Investments LLC raised its stake in GSR IV Acquisition by 13.2% in the 2nd quarter. Harraden Circle Investments LLC now owns 478,516 shares of the company’s stock valued at $1,153,000 after acquiring an additional 55,761 shares during the period. Finally, Rivernorth Capital Management LLC bought a new stake in GSR IV Acquisition in the 1st quarter valued at $166,000.

GSR IV Acquisition Stock Performance

NASDAQ GSRFR remained flat at $1.32 during trading on Wednesday. The company’s stock had a trading volume of 645 shares, compared to its average volume of 7,347. GSR IV Acquisition has a 12-month low of $1.20 and a 12-month high of $2.95. The company has a 50 day moving average price of $1.74 and a 200-day moving average price of $2.15.

GSR IV Acquisition Company Profile

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.