GSR IV Acquisition Corp. (NASDAQ:GSRFR) Stock Short Interest Report for October

GSR IV Acquisition Corp. (NASDAQ:GSRFR) saw a significant growth in short interest during 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 volume of 1,617 shares, the days-to-cover ratio is currently 0.6 days.

Hedge Funds Weigh In On GSR IV Acquisition

Several hedge funds have recently made changes to their positions in GSRFR. Harraden Circle Investments LLC increased its position in GSR IV Acquisition by 13.2% during the 2nd quarter. Harraden Circle Investments LLC now owns 478,516 shares of the company’s stock valued at $1,153,000 after purchasing an additional 55,761 shares during the period. Context Capital Management LLC purchased a new position in shares of GSR IV Acquisition during the third quarter valued at about $110,000. Finally, Rivernorth Capital Management LLC purchased a new position in shares of GSR IV Acquisition during the first quarter valued at about $166,000.

GSR IV Acquisition Price Performance

NASDAQ:GSRFR remained flat at $1.32 during mid-day trading on Thursday. The company had a trading volume of 645 shares, compared to its average volume of 7,347. The firm’s 50-day moving average is $1.73 and its 200 day moving average is $2.14. GSR IV Acquisition has a 52 week low of $1.20 and a 52 week high of $2.95.

About GSR IV Acquisition

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.