GSR V Acquisition Corp. (NASDAQ:GSRV – Get Free Report) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 1,054 shares, a drop of 53.2% from the August 15th total of 2,253 shares. Based on an average daily trading volume, of 122,833 shares, the days-to-cover ratio is currently 0.0 days.
GSR V Acquisition Stock Down 0.1%
Shares of NASDAQ:GSRV traded down $0.01 during mid-day trading on Tuesday, hitting $9.89. The company had a trading volume of 78,587 shares, compared to its average volume of 130,624. GSR V Acquisition has a one year low of $9.84 and a one year high of $9.93. The company has a fifty day moving average of $9.87.
About GSR V Acquisition
GSR V Acquisition Corp. is a special purpose acquisition company (SPAC) organized to identify and complete a business combination with one or more operating companies. Potential transactions may include a merger, share exchange, asset acquisition, reorganization or similar transaction.
Unlike an operating company, GSR V Acquisition Corp. does not have established products, services or commercial operations of its own. Its activities are primarily focused on raising capital, evaluating potential acquisition opportunities and completing a transaction that would result in a combined operating business.
The company’s final industry focus, geographic scope and operating activities will depend on any business combination it completes.
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