GSR IV Acquisition Corp. (NASDAQ:GSRFR) Sees Significant Decline in Short Interest

GSR IV Acquisition Corp. (NASDAQ:GSRFR) was the target of a large decline in short interest in September. As of September 30th, there was short interest totaling 221 shares, a decline of 35.8% from the September 15th total of 344 shares. Based on an average daily volume of 1,911 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On GSR IV Acquisition

Several large investors have recently added to or reduced their stakes in the business. Harraden Circle Investments LLC boosted its position in shares of GSR IV Acquisition by 13.2% during 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 during the last quarter. Rivernorth Capital Management LLC bought a new stake in GSR IV Acquisition during the first quarter worth $166,000. Finally, Lineage Point Capital LP bought a new stake in GSR IV Acquisition during the fourth quarter worth $25,000.

GSR IV Acquisition Price Performance

GSR IV Acquisition stock opened at $1.25 on Friday. GSR IV Acquisition has a 1-year low of $1.20 and a 1-year high of $3.98. The firm’s fifty day moving average price is $1.86 and its two-hundred day moving average price is $2.16.

GSR IV Acquisition Company Profile

GSR IV Acquisition Corp. is a special purpose acquisition company (SPAC) listed on the Nasdaq under the symbol GSRFR. The company was formed to identify and complete a business combination, such as a merger, acquisition, or similar transaction, with one or more operating businesses.

As a SPAC, GSR IV Acquisition does not conduct significant commercial operations or offer products and services of its own. Its principal activity is raising capital through its public offering and seeking a suitable target company.