GSR IV Acquisition Corp. (NASDAQ:GSRFU) Sees Large Drop in Short Interest

GSR IV Acquisition Corp. (NASDAQ:GSRFU) was the target of a large decline in short interest in July. As of July 15th, there was short interest totaling 100 shares, a decline of 80.3% from the June 30th total of 508 shares. Based on an average trading volume of 122 shares, the days-to-cover ratio is presently 0.8 days.

GSR IV Acquisition Stock Performance

GSRFU stock remained flat at $10.61 during trading hours on Friday. The firm’s fifty day moving average is $10.46 and its 200-day moving average is $10.39. GSR IV Acquisition has a 12-month low of $10.01 and a 12-month high of $11.55.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. acquired a new stake in GSR IV Acquisition in the 3rd quarter valued at approximately $167,000. Readystate Asset Management LP boosted its position in GSR IV Acquisition by 847.7% during the 4th quarter. Readystate Asset Management LP now owns 94,774 shares of the company’s stock worth $976,000 after acquiring an additional 84,774 shares during the last quarter. Cable Car Capital LP acquired a new position in GSR IV Acquisition during the 3rd quarter worth approximately $1,267,000. Schonfeld Strategic Advisors LLC bought a new position in shares of GSR IV Acquisition during the 3rd quarter worth approximately $1,318,000. Finally, Boothbay Fund Management LLC bought a new position in shares of GSR IV Acquisition during the 3rd quarter worth approximately $2,027,000.

About GSR IV Acquisition

We are a blank check company incorporated as a Cayman Islands exempted company whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.